New York AG Pursues $370M Fine, Real Estate Ban for Trump in Fraud Case

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Source: CBS News
New York AG Pursues $370M Fine, Real Estate Ban for Trump in Fraud Case
Photo: CBS News
TL;DR Summary

New York Attorney General Letitia James is seeking to bar former President Donald Trump from the New York real estate industry and fine him and other defendants $370 million for alleged fraudulent practices. The state's legal team claims Trump inflated asset values to secure favorable loan and insurance terms, a charge Trump's lawyers deny as "unconscionable" and unsupported. The case, which has already seen Trump and his adult sons found liable for fraud, is awaiting a final ruling after closing arguments scheduled for January 11.

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