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  • Writer's pictureFlorent Depoilly

Trump Fraud Trial Penalty Will Exceed $450 Million


 

  • A New York judge found former President Donald Trump liable for civil fraud and ordered him to pay $355 million in penalties.

  • The case was brought by New York’s attorney general, who accused Trump of inflating his net worth on financial statements to get loans and deals.


  • The penalty could wipe out Trump’s cash reserves and hurt his real estate business.



Donald Trump
Michael M. Santiago/Getty Images

  • The verdict is the latest in a series of legal troubles for Trump, who also faces four criminal indictments and a trial in March.

  • Trump denied any wrongdoing and said he would appeal the decision.


 

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