Here's a look inside Donald Trump's $355 million civil fraud verdict as an appeals fight looms
On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”
By MICHAEL R. SISAK
Published - Feb 17, 2024, 06:12 PM ET
Last Updated - Feb 17, 2024, 06:12 PM EST
NEW YORK (AP) — On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”
After Friday’s eye-popping penalty in his New York civil fraud trial, he’s going to need it — and maybe more.
A judge ordered the former president to fork over $355 million of his fortune, plus interest, finding he lied for years about his wealth on financial statements he used to secure loans and make deals as he built the real estate empire that vaulted him to fame and the presidency.
“The frauds found here leap off the page and shock the conscience,” Judge Arthur Engoron wrote in a 92-page decision that spares Trump’s company from closure, but forces it into years of court supervision, among other sanctions.
