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Bloomberg Businessweek
SPECIAL COVERAGE: Trump Hit With $364 Million Fine in NY Fraud Case
Feb 16, 2024
29:50
Snipd AI
Discussions in the podcast cover the recent $364 million fine against Trump in a NY fraud case, implications on his business and political future, impact on the election, legal consequences and potential candidacy, and arguments presented in the case.
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Quick takeaways
- Former President Trump has been ordered to pay $364 million for fraud in a New York civil trial, potentially impacting his political future.
- The ruling represents a significant victory for New York Attorney General Letitia James, boosting her reputation and political career.
Deep dives
Trump ordered to pay $364 million in fraud trial
Former President Trump has been ordered to pay $364 million for fraud in a New York civil trial. The ruling also bars him from running his New York company for three years, while his sons are prohibited from serving as New York executives for two years. The verdict was widely expected, given the judge's prior findings in favor of the Attorney General and the comments made during the trial. Trump plans to appeal the verdict, but he will have to post a bond and may have to liquidate properties to pay the penalties.
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