Former President Trump Ordered to Pay $350 Million in Civil Fraud Trial

👨‍⚖️Former President Trump has been barred from leading any New York firm for three years, and his sons, Don Jr and Eric, have also been barred.

💰Judge Arthur Engoron ruled that Trump engaged in a years-long financial scheme to deceive banks and lenders, and he showed no remorse.

📉Engoron found that Trump submitted false financial statements to secure more favorable loan terms and did not find him to be a credible witness.

🔒The ruling is a significant blow to the Trump empire and comes a day after a judge set a date for what could be Trump's first criminal trial.

⚖️Letitia James, New York's Attorney General, called the ruling a massive victory.

What is the ruling in Trump's New York civil fraud trial?

—Former President Trump has been ordered to pay over $350 million for falsely inflating his net worth.

What are the consequences for Trump and his sons?

—Trump has been barred from leading any New York firm for three years, and his sons, Don Jr and Eric, have also been barred.

What did Judge Arthur Engoron rule about Trump's actions?

—Engoron ruled that Trump engaged in a years-long financial scheme to deceive banks and lenders, and he showed no remorse.

How did Trump obtain more favorable loan terms?

—Trump submitted false financial statements to secure more favorable loan terms.

What is the significance of this ruling?

—The ruling is a significant blow to the Trump empire and comes a day after a judge set a date for what could be Trump's first criminal trial.

00:00Former President Trump has been ordered to pay over $350 million for falsely inflating his net worth in his New York civil fraud trial.

00:22Trump has been barred from leading any New York firm for three years, and his sons, Don Jr and Eric, have also been barred.

01:00Judge Arthur Engoron ruled that Trump engaged in a years-long financial scheme to deceive banks and lenders, and he showed no remorse.

01:21Engoron found that Trump submitted false financial statements to secure more favorable loan terms and did not find him to be a credible witness.

01:47The ruling is a significant blow to the Trump empire and comes a day after a judge set a date for what could be Trump's first criminal trial.