Trump fined more than $350 million in fraud trial

Former US President Donald Trump was sentenced to a fine of more than $350 million (around €325 million) in his New York civil trial for financial fraud. Judge Arthur Engoron also issued a three-year business ban for Trump in the US state of New York on Friday.

In the case, Trump and his sons Donald Junior and Eric were accused of having artificially inflated the assets of the family real estate empire by billions of dollars over the years in order to get better conditions for loans and insurance. The state of New York had demanded a penalty of $370 million in the case.

Trump, who is considered the favorite for the Republican nomination in November’s presidential election, had rejected all allegations and described them as politically motivated. In addition to the civil case, he has been charged in other criminal cases. Two indictments concern the Republican’s attempts to overturn the outcome of the 2020 presidential election and thus stay in power.