Judge Imposes $364 Million Penalty Against Donald Trump

NEW YORK (AP) — A New York judge has ruled against Donald Trump, imposing a $364 million penalty over what the judge said was a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth. Trump also has been barred from serving as an officer or director of any New York corporation for three years. However, the judge backed away from an earlier ruling that would have dissolved the former president’s companies. Judge Arthur Engoron issued his decision Friday after a 2½-month trial. The stiff penalty is a victory for New York Attorney General Letitia James, who sued Trump in 2022 over what she said were years of deceptive practices. Trump lawyer Alina Habba calls the verdict “manifest injustice.”