PHILADELPHIA, PA – Former President Donald Trump has been ordered to pay over $350 million in a monumental civil fraud trial ruling in New York. The ruling, delivered by Justice Arthur Engoron, entails fines of $355 million, with interest totaling $463.9 million, and a three-year ban on conducting business in the state for Trump, his company, and his associates.
This verdict follows the judge’s prior ruling that Trump had inflated his wealth on financial statements provided to banks and insurers to secure favorable loans and deals. The former president’s financial dealings have been under intense scrutiny, leading to this landmark ruling in the state of New York.
In the midst of legal challenges, Trump made a public appearance at “Sneaker Con” in the Philadelphia Convention Center to introduce a new line of Trump-branded high-top sneakers, eliciting both cheers and boos from the crowd. These shiny gold high tops, named “Never Surrender High-Tops,” are being sold for $399 along with other Trump-branded footwear and “Victory47” cologne and perfume for $99 a bottle.
The ruling has sparked reactions from supporters and critics alike, with truck drivers who back Trump vowing to boycott New York City in protest of the fraud judgment. Eric Trump, the former president’s son, fiercely defended his father in a passionate outburst on Fox News, calling the case “rigged” and claiming that Trump revitalized and rebuilt much of New York City’s skyline in the 1980s.
As the legal battle continues to unfold, Trump faces mounting challenges and repercussions both in the courtroom and in the court of public opinion. The ramifications of this significant ruling are far-reaching and have implications for Trump’s businesses and financial future.