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A New York judge spared former President Donald Trump the corporate death penalty in a civil case alleging fraudulent financial representations for loans and benefits. However, Trump faces significant penalties, including hefty fines, external oversight of his companies, and borrowing restrictions. The ruling includes a ban on Trump serving as an officer or director in any New York corporation for three years and prohibits him from obtaining loans from New York-chartered banks.

Get latest articles and stories on World at LatestLY. Donald Trump won't face the corporate death penalty after all. World News | Trump Avoids 'corporate Death Penalty', but His Business Will Still Get Slammed.

NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash […]

The ex-president has avoided the worst punishment in his civil fraud case, but he's still facing massive penalties.

A New York judge on Friday spared ex-president from worst punishment in civil case alleging Trump's financial fraud to gain cheaper loans, benefits. | World News