By Alison Durkee | Forbes
Former President Donald Trump and his co-defendants will have to pay $364 million for fraudulently misstating the value of his and his company’s assets on financial statements, a New York judge ruled Friday, levying significant punishments against the ex-president and his business that could hurt him financially and affect his business’ operations.
New York Attorney General Letitia James sued Trump, his associates — including his sons — and the Trump Organization for allegedly fraudulently misstating the value of assets on financial documents in order to obtain more favorable business deals and reflect a higher net worth for Trump.