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Trump, Sons and Associate Hit With $364 Million Fraud Fine.

Authors :
Larson, Erik
Hurtado, Patricia
Farrell, Greg
Maloney, Tom
Kim, Kyle
Source :
Bloomberg.com; 2/16/2024, p1-3, 3p
Publication Year :
2024

Abstract

Former President Donald Trump and his real estate company have been hit with a $364 million fraud fine in New York's civil fraud suit over inflated asset valuations. The judge ruled that Trump cannot run any business in the state for three years, and his two eldest sons, Donald Trump Jr. and Eric Trump, are barred from being officers of a company in New York for two years. State Attorney General Letitia James filed the suit, claiming that Trump inflated asset values to deceive lenders into giving him better loan terms. Trump is expected to appeal the ruling. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
175574473