Legal
Key Takeaways From the Verdict in Trump’s New York Fraud Case
- Penalties could top $450 million with interest, AG says
- Trump avoided worst-case scenarios, including lifetime ban
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Former President Donald Trump, his eldest sons and top executives were hit with a $364 million verdict Friday in New York Attorney General Letitia James’ lawsuit accusing them of carrying out a yearslong scheme to inflate the value of the Trump Organization’s holdings.
The massive penalty imposed by New York Justice Arthur Engoron was just about what James had said Trump should pay for defrauding banks and insurers.