A New York judge has ruled that former US President Donald Trump Trump must pay over $350 million in a notable New York Fraud case. He is also barred from serving as a company director in New York for three years.
Allen Weisselberg, the former chief operating officer of the Trump Organization, is also liable for $1,000,000.
Attorney General Letitia James asked the judge to fine Trump $370m (£290m) for what she calls the “outrageous” business fraud schemes. She says this is how much she estimates was made in saved interest and other “ill-gotten gains”.
The bombshell ruling from Justice Arthur Engoron comes after a civil trial in New York that was filled with drama.
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Trump and his lawyers repeatedly clashed with the judge both inside and outside the courtroom.
And the saga has ended with just as much drama, with the judge deciding to hand out a stiff financial penalty and ban Trump from serving as company director or from taking out loans from New York banks for the next three years.
The ruling stems from fraudulent business practices used by the Trump Organization to secure favourable loans.