A New York judge handed down a verdict in ex-President Donald Trump’s civil fraud case on Friday Former President Donald Trump and has been ordered to pay nearly $355million in his New York civil fraud case that could amount to all the cash he has. Judge Arthur Engoron imposed $354.9million in penalties on Trump for fraudulently inflating his net worth to obtain better loan terms.
Judge Arthur Engoron handed down a 92-page ruling on Friday afternoon New York Attorney General Letitia James had asked for $370million in her lawsuit accusing Trump and his family businesses of inflating his net worth by up to $3.6billion per year over the course of a decade to obtain more favorable loans. Trump’s lawyer, Alina Habba, called Engoron’s verdict ‘manifest injustice – plain and simple’. They will appeal the verdict ‘given the grave stakes’, Habba said.