Civil Fraud Ruling Impact on Trump’s Finances and Empire Explained.

February 17, 2024
1 min read


Key points:

– Justice Arthur F. Engoron found Donald J. Trump liable for civil fraud and ordered him to pay over $350 million plus interest.
– Trump was also banned from leading any company in New York, including his family business, for three years.

Article Summary:

Donald J. Trump lost his civil fraud trial with a judge finding him liable for violating state laws and ordering him to pay a significant financial penalty. Justice Engoron’s ruling not only dealt a blow to Trump’s finances but also restricted his role in company leadership in New York for three years. The case brought by the New York attorney general accused Trump of inflating his net worth in documents submitted to lenders. While Trump plans to appeal, the decision could have immediate consequences for his financial standing and influence over the Trump Organization. Attorney General Letitia James emphasized the importance of holding powerful individuals accountable for breaking the law. Overall, the ruling signifies a significant setback for Trump’s empire and image as a billionaire.

Don't Miss