Trump Organization Hit With $365 Million Fine in Fraud Trial.

TRUMP, Donald, Jr., 1977-; TRUMP Organization (New York, N.Y.); FRAUD; TRUMP Tower (New York, N.Y.); BUSINESS valuation; TRIALS (Law); OATHS; CIVIL procedure; CORRUPT practices in elections; ETHICS & compliance officers

Former President Donald Trump and his real estate company, the Trump Organization, have been hit with a $365 million fine in a civil fraud suit in New York. The judge ruled that Trump cannot run any business in the state for three years and ordered the penalties, which could exceed $450 million with interest. The ruling is a significant victory for New York Attorney General Letitia James, who accused Trump of inflating asset values to obtain better loan terms. Trump's two eldest sons were also found liable and barred from being officers of a company in New York for two years. Trump is expected to appeal the decision. [Extracted from the article]

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