Trump was ordered to pay more than $350 million in a fraud case in a New York court

Donald Trump will have to pay $355 million in restitution, according to the expected sentence In a civil trial in New York State Supreme Court against the former president, his children and former Trump Organization officials.

Judge Arthur Engron has already ruled that Trump committed fraud for nearly 11 years by submitting misleading financial statements for his companies, which allowed him to obtain loans and insurance with more favorable interest rates.

In addition, Engron prohibited former President Donald Trump from serving as an officer or director of a New York corporation or other legal entity for a period of three years.

“In order to borrow at higher and lower rates, the defendants presented blatantly false financial data to accountants, resulting in fraudulent financial statements,” wrote Ergoron, who had already established that Trump had committed fraud and was seeking only fines. them

“When confronted with the statements at trial, the defendants and experts denied the facts, and the defendants did not accept responsibility or impose internal controls to prevent future recurrence.”

Additionally, the judge ordered the establishment of an independent compliance director and limited the defendants’ right to do business in New York for a few years.”

Trump’s lawyers had said before the verdict that they would appeal.

Angoron’s resolution was delayed by reports that Alan Weiselberg, the Trump Organization’s longtime chief financial officer, had committed perjury.

Trump, the favorite in the Republican Party for the presidential nomination, has attacked prosecutor James and Judge Angoron, whom he accuses of prosecuting him for political motivation.

The case accused Trump, his grown children and the Trump Organization of falsifying property values ​​to profit from the loans.

At least two years ago, the Trump Organization stopped sending inflated financial figures about its net worth to Deutsche Bank and other institutions, but a court-appointed monitor said That happened only after he was sued and the errors and misrepresentations in other financial documents continued.

Although the bank offered Trump lower interest rates because he agreed to personally guarantee the loan with his own money, it’s unclear how much of the interest rate cut was due to the inflated figures.

Last September, Judge Engron ruled that the state certificates required to operate many of his businesses in New York should be revoked.

Engron said Trump should lose control of those companies, the official owners of his Fifth Avenue headquarters and other prestigious properties, and hand them over to a receiver to manage their “dissolution.”

In addition to the case, the question of whether he enjoys immunity from federal criminal prosecution for allegedly altering the outcome of the 2020 election and encouraging the attack on the Capitol on January 6, 2020, also reached the Supreme Court this week.

Additionally, in Atlanta, faces charges along with more than a dozen others for their alleged attempts to change the results of state elections.

Also pending in South Florida is a case involving the mishandling of classified documents, including files that were seized from his Mar-a-Lago residence after he refused to return them to the government after his term in the White House ended.

Additionally, the Supreme Court heard oral arguments on the so-called Sedition Clause, which refers to Article 3 of the 14th Amendment to the Constitution, which bars anyone who participates in sedition from holding public office.