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Trump fined $364M in New York civil fraud case

Judge cites complete lack of contrition or remorse in scheme tied to inflated financial statements
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FILE - Former President Donald Trump, center, sits in the courtroom before the start of closing arguments in his civil business fraud trial at New York Supreme Court, Jan. 11, 2024, in New York. A verdict is expected Friday in Donald Trump’s New York civil fraud trial, adding to a monumental week on the former president’s legal calendar. (Michael Santiago/Pool Photo via AP)

A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth.

Trump also was barred from serving as an officer or director of any New York corporation for three years.

However, the judge backed away from an earlier ruling that would have dissolved the former president’s companies.

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