New York Judge Orders Donald Trump and Trump Organization to Pay $350 Million in Penalties

💰The judge's ruling orders Donald Trump and his family business to pay over $350 million in penalties for fraudulently inflating his wealth.

🔒If upheld, this ruling could force Trump to forfeit a sizable chunk of his money and lead to significant changes in the Trump Organization's management.

👨‍⚖️The ruling comes after a lawsuit brought by New York Attorney General Letitia James, who accused Trump of engaging in a decade-long scheme to fraudulently value his assets.

💼The judge also ordered Trump to pay $355 million, just shy of the $370 million requested by James, and banned him from holding a position in a New York company for 3 years.

🚫In addition to the financial penalties, Trump and the Trump Organization were banned from applying for loans from New York financial institutions for 3 years.

What is the ruling about?

—The ruling orders Donald Trump and his family business to pay over $350 million in penalties for fraudulently inflating his wealth.

Who brought the lawsuit against Trump?

—The lawsuit was brought by New York Attorney General Letitia James.

What did James accuse Trump of?

—James accused Trump of engaging in a decade-long scheme to fraudulently value his assets.

How much does Trump have to pay?

—Trump has to pay $355 million, just shy of the $370 million requested by James.

What are the additional penalties imposed on Trump and the Trump Organization?

—Trump and the Trump Organization are banned from applying for loans from New York financial institutions for 3 years.

00:00A New York judge has ordered Donald Trump and his family business to pay over $350 million in penalties for fraudulently inflating his wealth.

00:16If upheld, this ruling could force Trump to forfeit a sizable chunk of his money and lead to significant changes in the Trump Organization's management.

00:39The lawsuit accusing Trump of fraudulently inflating his wealth was brought by New York Attorney General Letitia James.

01:41The judge ordered Trump to pay $355 million, just shy of the $370 million requested by James.

03:05In addition to the financial penalties, Trump and the Trump Organization were banned from applying for loans from New York financial institutions for 3 years.