Page 9 - Ferry Point News Today

NEW YORK — Donald Trump may be forced to fork over a fortune under an order in his civil fraud case issued Friday, but it does not look like he

Donald Trump and his real estate company suffered a major defeat in New York’s civil fraud suit over his inflated asset valuations, after a judge barred the former president from running any business in the state for three years and ordered $364 million in penalties plus interest. The 92-page verdict…

The former president faces half a billion dollars in penalties that risk wiping out his reported cash on hand

The law that Attorney General Letitia James used to sue the former president does not require proof that anyone was injured by his financial dishonesty.

The law that Attorney General Letitia James used to sue the former president does not require proof that anyone was injured by his financial dishonesty.

Gov. Kathy Hochul on Sunday insisted that the massive $355 million fraud fine slapped against Donald Trump won't scare away or hurt New York businesses -- because most local merchants abide by the law.

“Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial,” Engoron wrote. “His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility.”

The former president also was barred from serving as an officer or director of any New York corporation for three years.

Former president faces tens of millions of dollars in financial penalties and a three-year ban from doing business in New York

Judge Arthur Engoron hit Donald Trump with his biggest punishment to date on Friday, in a ruling that fined the former president $355 million for fraudulently inflating the values of his properties.