Former US President Donald Trump must pay more than $454 million after being found liable for manipulating his net worth in a civil fraud case, a New York state court has ruled.
The payment includes a $354.9 million fine imposed by Manhattan state court Judge Arthur Engoron on Feb. 16, plus interest.
The trial without a jury lasted more than three months.
Judge Engoron ordered Trump’s sons, Donald Trump Jr. and Eric Trump, to pay nearly $4.7 million each, and former Trump Organization CFO Allen Weiselberg to pay $1.1 million, including interest.
The amount of the payments was determined yesterday, and the interest will continue. The verdict was announced today.
Attorney General Leticia James accused Trump and his sons of illegally overstating the value of Trump’s assets to get better loan terms and insurance.
Engoron also banned Trump for three years from holding a leading role in any New York company or from seeking loans from banks registered in this American state. His sons were banned from holding leadership roles for two years, Beta news agency writes.
