In a recent development in the New York civil business fraud trial involving former President Donald Trump, New York state lawyers have raised their request for penalties to over $370 million. This increase in the sought penalty, up from a pretrial figure of $250 million to over $300 million during the proceedings, reflects the state’s claims of Trump’s financial misconduct.
The lawsuit accuses Trump of inflating his net worth to banks and insurers, potentially barring him from conducting business in New York. The state’s adjusted penalty request includes $199 million in profits from property sales and $169 million in savings on interest rates.
Trump has responded by denying any wrongdoing and criticizing the lawsuit as a political maneuver. The trial’s outcome could have significant implications for Trump, including a potential bar from doing business in New York.
