A New York judge has ruled against Donald Trump, imposing a massive $364 million penalty for what the judge deemed a yearslong scheme to deceive banks and others with inflated financial statements. This ruling also includes a three-year ban on Trump serving as an officer or director of any New York corporation.
Judge Arthur Engoron handed down his decision following a 2½-month trial where the former president vehemently declared himself a victim of a rigged legal system. Despite Trump’s legal team vowing to appeal the decision, this verdict marks a significant win for New York Attorney General Letitia James.
James, a Democrat, filed the lawsuit against Trump, accusing him not only of harmless boasting but of engaging in deceptive practices throughout his career. These practices allegedly helped him amass a vast collection of skyscrapers, golf courses, and other properties, ultimately propelling him to wealth, fame, and the White House.
As this legal battle continues, only time will tell how Trump and his lawyers will respond to this hefty penalty.
