New York attorney general is seeking $370 million from Donald Trump and his co-defendants in a civil fraud trial. The trial, which has been ongoing for several weeks, involves allegations of fraud, conspiracy, insurance fraud, and falsified business records.
The attorney general’s office has asked the judge to force Trump to pay nearly $370 million in damages. The case revolves around the financial statements sent to banks and insurers to secure loans and deals, which the state alleges is evidence of fraud.
The civil fraud trial against Donald Trump, his business, and several executives, including his adult sons, is about allegations that they defrauded lenders and insurers to enrich themselves. The trial, which lasted for 11 weeks, concluded on Wednesday, December 13, 2023, in New York.
The judge, Arthur Engoron, found Trump and his co-defendants liable for fraud before the trial began. The trial determined what they could owe in improper gains and six additional claims brought by the attorney general.
The attorney general is seeking more than $250 million and to bar the Trumps from doing business in New York.
The case revolves around the financial statements sent to banks and insurers to secure loans and deals, which the state alleges is evidence of fraud.
The civil fraud trial against Donald Trump, his business, and several executives, including his adult sons, has concluded after 11 weeks of testimony. The judge, Arthur Engoron, has already found Trump and his co-defendants liable for fraud before the trial began.
The trial determined what they could owe in improper gains and six additional claims brought by the attorney general. The attorney general is seeking more than $250 million and to bar the Trumps from doing business in New York.
The judge’s final ruling is expected to come in late January or early February 2024 after closing arguments on January 11th.