Trump Found Liable for Business Fraud — Ordered to Pay $354 Million in New York Civil Case (2024-02-16)
New York Justice Arthur Engoron issues a final judgment in the Trump Organization civil fraud case, ordering Trump to pay $354 million in disgorgement plus pre-judgment interest. The judge finds Trump and his company liable for persistently fraudulent business practices, including inflating asset values by billions of dollars to obtain favorable loan terms. Trump is also barred from serving as an officer or director of any New York corporation for three years. Trump calls the judge "deranged" and the ruling "a weaponization of the justice system."
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