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  • Writer's pictureJanuary 6th News

Trump fined $354 million, barred from running businesses in N.Y. for three years

Judge Arthur Engoron ordered Donald Trump, his sons, business associates and company to pay more than $350 million in damages and barred them from serving as an officer or director of any New York corporation for three years—including Trump’s namesake company.

The decision comes from a civil business fraud trial against Donald Trump in which New York Attorney General Letitia James' office set out to show how financial statements Trump used to get favorable loans from banks were steeped in fraud with grossly inflated values. Trump and his sons all blamed their accountants for the errors during their testimony.

New York Attorney General Letitia James, whose office brought the case, said in a statement:

“Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich, or powerful you think you are, no one is above the law.” 

The trial started on Oct. 2, 2023. There were 44 days of testimony featuring 25 witnesses for the AG's office, 19 defense witnesses and two rebuttal witnesses. 



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