Judge Arthur Engoron has ordered former President Trump
to pay $355 million in New York Attorney General Letitia James‘s (D) civil fraud case, which accused Trump of inflating his assets for tax and insurance benefits.
It’s a major financial blow to Trump, who was already ordered by a jury
to pay $83.3 million to author E. Jean Carroll for defamation in a separate case after he denied her sexual assault allegation.
While Trump plans to appeal both rulings, as The Hill’s Ella Lee reported, between the two judgments “Trump stands to lose 13 percent or more of his estimated net worth – if the estimations of his wealth are accurate.”
Trump last year was also ordered to pay $5 million in a separate ruling when he was found liable for sexually abusing Carroll in the 1990s and later defaming her.
Response: Trump lawyer Chris Kise called the case an “unjust political crusade against the front-running candidate for President of the United States” and said Trump will “of course appeal.”
What James wanted: A $370 million penalty and a lifetime ban
for Trump from New York’s real estate business. In addition to the $355 million penalty, Engoron’s ruling blocks Trump from business in the state for three years.
Other court news: Trump opts against appealing civil immunity claim in Jan. 6 lawsuits to Supreme Court