NY Attorney General Pursues $370M and Lifetime Ban for Trump in Real Estate Fraud Case

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Source: CNBC
NY Attorney General Pursues $370M and Lifetime Ban for Trump in Real Estate Fraud Case
Photo: CNBC
TL;DR Summary

New York Attorney General Letitia James has requested a lifetime ban for former President Donald Trump from the New York real estate industry and a $370 million fine in a civil fraud case. The case, which has recently concluded testimony in Manhattan Supreme Court, alleges that Trump and his sons engaged in a scheme to inflate the values of real estate assets for financial gain. Trump denies the allegations, claiming they are politically motivated, while his lawyers argue that there is no evidence of intent to defraud. A ruling from Judge Arthur Engoron is anticipated in the coming weeks.

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