Trump was fined roughly $355 million on Friday for inflating the value of his assets for more favorable business loans.
Judge Arthur Engoron ruled that Trump will be fined roughly $355 million and be barred from doing business in New York for three years after a monthslong civil trial from late last year into early January. The trial was to decide the damages Trump would face after Engoron found that he committed fraud by inflating the value of his assets. Trump continues to maintain his innocence and claims that the case was politically motivated as he is the GOP frontrunner in the 2024 presidential race.
„If he sells urban skyscrapers in post-COVID cities where the occupancy rates are low, tenants have been fleeing, the values have been degraded because of that, it’s gonna to be something of a fire sale,“ he told host Ali Velshi.
