Judge fines Donald Trump and associates for asset inflation scheme

New York judge imposes $350 million penalty and bans Trump from serving as business officer for three years

In a significant decision, a judge in New York has fined former President Donald Trump and his business associates more than $350 million for their involvement in a long-term scheme to inflate the value of their assets. The purpose of this fraudulent act was to deceive banks and insurance companies. The judge's ruling also includes a three-year prohibition on Trump serving as an officer or director of any business in New York state.