Former President Donald Trump was barred from operating his business in New York for three years and was found liable for more than $350 million in damages in the civil fraud case brought against him, his family and the Trump Organization by New York Attorney General Letitia James.
New York Judge Arthur Engoron handed down his ruling Friday after a months-long trial beginning in October and stemming from James’ lawsuit alleging the former president inflated his assets and committed fraud.
Engoron ruled that Trump and defendants were liable for “persistent and repeated fraud,” “falsifying business records,” “issuing false financial statements,” “conspiracy to falsify false financial statements,” “insurance fraud,” and “conspiracy to commit insurance fraud.”
L – Former President Donald Trump R – New York Judge Arthur Engoron (Fox News)
The judge also barred Donald Trump Jr. and Eric Trump from serving as an officer or director of any New York corporation or legal entity in New York for two years.
In September, Engoron ruled that Trump and the Trump Organization had committed fraud while building his real estate empire by deceiving banks, insurers and others by overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
“He ruled against me without knowing anything about me,” Trump said on the stand during the trial last year. “He called me a fraud, and he didn’t know anything about me.”
Engoron’s ruling comes weeks after Trump was ordered to pay over $83 million in a defamation case brought by writer E. Jean Carroll, who accused Trump of sexual assault.
Brooke Singman is a political correspondent and reporter for Fox News Digital, Fox News Channel and FOX Business.
