An appeals judge on Wednesday lifted the ban on Trump taking out loans in the state of New York.
Donald Trump’s request to pause the $454 million judgment against him in his New York civil fraud case was denied on Wednesday, although an appellate judge ruled that the former president could use loans to post the full amount.
New York State Supreme Court Justice Arthur Engoron earlier this month found the former president and his company, The Trump Organization, liable for fraud over submitting false information about company assets to secure more favorable business loans and insurance policies. Trump’s two eldest sons, Donald Trump Jr. and Eric Trump, were also found liable alongside a handful of company associates.
Engoron ordered Trump to pay $355 million in fines plus prejudgment interest. The judge also barred the former president from serving as an officer of a New York company or taking out loans from financial institutions registered with the state for the next three years.
