"Trump Counters NY's $370M Fraud Penalty Demand with Call for Compensation"

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Source: Fortune
"Trump Counters NY's $370M Fraud Penalty Demand with Call for Compensation"
Photo: Fortune
TL;DR Summary

New York state lawyers are seeking over $370 million in penalties from Donald Trump in a civil business fraud trial, a significant increase from the pretrial figure. Trump, who is also contending with four criminal cases, could be barred from doing business in New York if the lawsuit is successful. The state alleges Trump inflated his net worth to deceive banks and insurers, while Trump denies any wrongdoing, claiming the case is politically motivated. The verdict, which will be decided by a judge without a jury, is expected by the end of the month.

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