Trump Organization Hit With $365 Million Fine in Fraud Trial (4)

Donald Trump and his real estate company suffered a major defeat in New York’s civil fraud suit over his inflated asset valuations, after a judge barred the former president from running any business in the state for three years and ordered $364 million in penalties plus interest.

The 92-page verdict Friday by Justice Arthur Engoron in Manhattan is a significant victory for New York Attorney General Letitia James, who said in a social media post after the decision that with interest the fine tops $450 million.

Engoron’s ruling is a threat to Trump’s real estate empire and the latest ...