"Trump Found Liable for Fraud, Ordered to Pay $355 Million in NY Civil Trial"

A New York judge ordered Donald Trump and his companies to pay $355 million in penalties for engaging in a yearslong scheme to dupe banks with inflated financial statements. The verdict, a stunning setback for the former president, could dramatically diminish his financial resources if upheld. Judge Arthur Engoron concluded that Trump and his company were "likely to continue their fraudulent ways" and imposed financial penalties and other controls. Trump and his co-defendants were criticized for their lack of contrition and remorse. The ruling is a victory for New York Attorney General Letitia James, who sued Trump over deceptive practices in building his business empire. Trump's lawyers vowed to appeal, calling the verdict a "manifest injustice" and "politically fueled witch hunt."