Donald Trump fined $364 million by New York court for fraud
Friday, 16 February 2024, 20:29
Donald Trump Civil Fraud Case Verdict
Likely Republican Presidential candidate Donald Trump has been fined $364 million and barred from running businesses in New York for three years after losing a civil fraud case.
Manipulation of Asset Values for Loans
During the trial, Trump was accused of inflating asset values to secure better loan terms, leading to fraudulent financial statements.
...defendants submitted blatantly false financial data to the accountants...
Implications of the Verdict
- Trump to appeal but needs to escrow damages
- Previous cases and fines against Trump
- Current betting odds for Trump's presidency
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.