“We are holding him accountable for lying, cheating, and a lack of contrition...because there cannot be different rules for different people in this country, and former presidents are no exception.” – New York Attorney General Letitia James (photo, left)

By Miriam Raftery

February 18, 2024 (New York, NY) – Donald Trump has been ordered to pay a $354.1 million penalty for fraudulently inflating his net worth and the value of his real estate holdings in order to obtain bank loans. In the New York civil trial, Judge Arthur Engoron also barred Trump from running a business in New York for two years and ordered that a monitor oversee Trump Organization’s business dealings. Two of his sons, Eric Trump and Donald Trump Jr., were each fined $4 million and prohibited from running the company for three more years.

This is not the first time that Trump has been found to have committed fraud.  His family charity and Trump University both shut down after separate courts found them to have engaged in fraud.