The New York Attorney General accused Donald Trump and his company of exaggerating the value of their properties to obtain better loan terms, profiting from what was described as fraud. The case raised concerns about whether Trump is a fraud himself and if his empire is built on lies. The penalties imposed on Trump include a cash penalty of $450 million, bans on running his company and obtaining loans from New York banks, and the installation of a monitor at the Trump organization.
Last week, when a civil court judge in New York ruled against Donald J. Trump, he imposed a set of penalties so severe that they could temporarily sever the former president from his real-estate empire and wipe out all of his cash.
Jonah Bromwich, who covers criminal justice in New York, and Maggie Haberman, a senior political correspondent for The Times, explain what that will mean for Mr. Trump as a businessman and as a candidate.
Guests: Jonah E. Bromwich, a criminal justice correspondent for The New York Times; and Maggie Haberman, a senior political correspondent for The New York Times.
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