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Trump liable for $354.9M in civil fraud case, New York judge rules

From cbc.ca

Donald Trump must pay $354.9 million US in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday, handing the former U.S. president another legal setback in a civil case that imperils his real estate empire. Justice Arthur Engoron also banned Trump from serving as an officer or director of any New York corporation for three years. Engoron cancelled his prior ruling from September ordering the "dissolution" of companies that control pillars of Trump's real estate empire, saying on Friday that this was no longer necessary because he is appointing an independent monitor ... (full story)

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