(CMR) The judge who presided over a civil business fraud trial against Donald Trump has ordered the former president, his sons, business associates and company to pay over $354 million in damages and temporarily limited their ability to do business in New York.
Judge Arthur Engoron handed down his judgment in a 92-page decision on Friday, five weeks after the trial in the case concluded. Trump is expected to appeal.
Trump is barred “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years.”
In 2022, the New York Attorney General, Letitia James, filed a civil suit against Donald Trump, the Trump Organization, and several executives, including his two eldest sons, Donald Jr. and Eric Trump. The lawsuit sought to prevent Trump from conducting business in New York State and requested a $250 million penalty. By the end of the trial, James's office had increased the penalty to $370 million.
The judge had already confirmed James' accusations against Trump and his associates, stating that they had artificially inflated the values of his properties by hundreds of millions of dollars over a period of ten years, while also misrepresenting his wealth by billions of dollars. This was done to deceive banks and insurers into offering more advantageous terms, according to the state's allegations.
According to CBS News Engoron ruled in September that Trump and the other defendants were liable for fraud, based on the evidence presented through pretrial filings.
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