Overview

• Judge Arthur Engoron ruled that Donald Trump and his companies must pay nearly $355 million in penalties for fraudulent business practices.
• The verdict also imposes a three-year ban on Trump serving as an officer or director of any New York corporation.
• Trump's adult sons, Don Jr. and Eric, were ordered to pay $4 million each for their involvement in the fraud.
• The ruling is a significant victory for New York Attorney General Letitia James, who sued Trump for deceptive practices in building his business empire.
• Trump's legal team has announced plans to appeal the decision, calling it 'manifest injustice' and a 'politically fueled witch hunt.'