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Trump hit with $354.9 million penalty, 3-year ban in NY civil fraud case

Trump hit with $354.9 million penalty, 3-year ban in NY civil fraud case

DONALD Trump must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled, handing the former U.S. president another legal setback in a civil case that imperils his real estate empire. Justice Arthur Engoron, in a sharply worded decision issued after a contentious three-month trial in Manhattan, also banned Trump, who is running to regain the presidency this year, from serving as an officer or director of any New York corporation for three years. Trump's lawyer Alina Habba vowed to appeal. Engoron cancelled his prior ruling from September ordering the "dissolution" of companies that control pillars of Trump's real…
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