Trump ordered to pay $354 Million in civil fraud case

Published February 16th, 2024 - 08:26 GMT
Trump
Former President Donald Trump speaks to press before the start of civil fraud trial brought by NYS Attorney General Letitia James at NYS court in New York on October 2, 2023 (Shutterstock)

ALBAWABA - New York judge has ruled that Donald Trump has to pay a huge amount of money, $364 million, because he lied about how much his stuff was worth on financial papers.

This all started with a lawsuit from the New York Attorney General, who said Trump and his friends made up numbers to make their business deals better and to make Trump seem richer than he really was.

The judge found Trump and his friends guilty of lying on purpose about their money, so now they have to pay up. Trump has to pay most of it, about $354.9 million, while his sons have to pay a bit less, and the former CFO has to pay $1 million.

On top of the money they have to pay, Trump can't run any businesses in New York for three years, and his sons can't for two years.

Trump says the case against him is just politics, but the judge's decision shows it's serious. Trump might appeal the decision, but he still has to pay the money or get a special bond while he fights it.

This isn't the only legal trouble Trump is in lately. He was also ordered to pay a lot of money for saying bad things about someone else. So, it's been a tough time for him in court.

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content