NY Attorney General Pursues $370M and Real Estate Ban Against Trump for Fraud

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Source: NBC News
NY Attorney General Pursues $370M and Real Estate Ban Against Trump for Fraud
Photo: NBC News
TL;DR Summary

New York Attorney General Letitia James is seeking a $370 million fine and a lifetime ban from the real estate industry against Donald Trump and a ban for two of his executives, following a summary judgment finding them liable for persistent fraud. The case involves inflated financial statements, with the defense denying intent to defraud and questioning the impact of the alleged fraud. Trump has labeled the lawsuit a "witch hunt" and plans to appeal. The trial's closing arguments are set for January 11, with a decision expected shortly after.

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