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Democracy Newsline Newspaper > News > International > Trump slammed $354.9m fine, 3-year ban for overstating net worth
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Trump slammed $354.9m fine, 3-year ban for overstating net worth

Democracy Newsline
Last updated: 2024/02/17 at 10:20 AM
Democracy Newsline 3 years ago
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Trump slammed $354.9m fine, 3-year ban for overstating net worth

New York Time

A court in the United States has ordered former President Donald Trump to pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders.

Justice Arthur Engoron, a New York judge ruled on Friday, handing Trump another legal setback in a civil case that imperils his real estate empire.

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Justice 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.

However, Trump’s lawyer Alina Habba vowed to appeal.

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