New York AG Ups Ante to $370M in Trump Civil Fraud Case
TL;DR
New York Attorney General Tish James is seeking a $370 million fine against Donald Trump and his business empire for civil fraud, an increase from the initially proposed $250 million. The trial, which began in October, presented evidence that Trump exaggerated his asset values to secure favorable loan and insurance terms. The additional penalty is based on the financial benefits Trump allegedly gained from these actions. Trump's defense maintains that his net worth was not inflated in financial documents and that banks and insurers did not rely on those documents. The trial is concluding, with closing arguments scheduled and a ruling from Justice Arthur Engoron expected soon.
- Forget $250M. New York's AG now wants Trump to pay $370M for civil fraud. POLITICO
- New York AG seeks over $370M from Trump, co-defendants for 'ill-gotten gains' Fox News
- NY attorney general seeking $370 million from Trump and co-defendants in civil fraud trial CNN
- New York A.G. Seeks $370 Million From Trump After Civil Fraud Trial The New York Times
- When Is $250 Million Not Enough? National Review
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