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Saturday, April 27, 2024

New York A.G. Seeks $370 Million From Trump After Civil Fraud Trial

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The New York legal professional normal on Friday requested the choose who had overseen the civil fraud trial of Donald J. Trump to penalize the previous president about $370 million, saying the trial had demonstrated that he had gained that quantity via illegal conduct.

The sum was properly over the $250 million that the legal professional normal, Letitia James, had estimated within the fall of 2022, when she sued Mr. Trump, accusing him of inflating his web price to acquire favorable remedy from banks and insurers.

The trial started in October and proceedings ended final month, however Mr. Trump’s destiny will not be but settled. The legal professional normal’s penalty request got here in a post-trial transient filed on Friday. Mr. Trump’s attorneys, in their very own submitting, wrote that “the legal professional normal has woefully didn’t show her case and isn’t entitled to any of the reduction,” together with any monetary penalty.

A lawyer for Mr. Trump didn’t instantly reply to a request for touch upon the $370 million determine.

Subsequent week, the attorneys will make closing arguments in entrance of the trial choose, Arthur F. Engoron, who has stated he’ll attempt to concern a ruling on the case by the tip of this month. Together with the steep monetary penalty, Ms. James is asking that Mr. Trump be barred from collaborating in New York’s actual property trade and from operating any firm within the state.

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