"Judge Rules Donald Trump Must Pay $354 Million in NY Civil Fraud Trial"

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Source: KABC-TV
"Judge Rules Donald Trump Must Pay $354 Million in NY Civil Fraud Trial"
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TL;DR Summary

A New York judge has fined Donald Trump $354 million for fraudulent business practices, with his sons Donald Trump Jr. and Eric Trump fined $4 million each, and the former Trump Organization CFO fined $1 million. The decision also bars Trump from being an officer of a New York company for three years and his sons for two years each. The judge criticized the defendants for their lack of contrition and remorse, and ordered an independent monitor to oversee the Trump Organization for at least three years. The ruling stems from a lawsuit filed by New York Attorney General Letitia James, alleging fraudulent financial statements to obtain better loan terms and business deals. Trump's legal team has vowed to appeal the ruling.

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