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Trump formally ordered to pay $454 million in New York fraud case

Trump formally ordered to pay $454 million in New York fraud case Former US President Donald Trump (photo: Getty Images)

A judge in New York State has officially ordered Donald Trump to pay $454.2 million after he was found liable in a civil fraud case brought by the state's attorney general, according to Reuters.

The payment includes a $354.9 million penalty that the court imposed on February 16, plus interest.

The court also ordered Donald Trump's adult sons, Donald Trump Jr. and Eric Trump, to each pay nearly $4.7 million, and the Trump Organization's former chief financial officer, Allen Weisselberg, to pay $1.1 million, all including interest.

The total amount of the payments is $464.6 million and was determined on Thursday. Over $114,000 in interest will continue to accrue daily, mostly for Donald Trump. The decision was published on Friday.

Attorney General Letitia James accused the defendants of illegally overstating the value of Trump's properties to inflate his net worth and obtain better loan and insurance terms.

Legal cases against Trump

Donald Trump faces over 90 criminal charges in several cases, including the payment of $130,000 to porn actress Stormy Daniels, an attempt to overturn the results of the 2020 presidential election, unlawful handling of classified information after leaving office, and other accusations.

In 2020, Trump was investigated for possible bank fraud.

On February 16, 2024, a New York court ordered Donald Trump to pay over $350 million. He was found guilty of deliberate financial manipulations over ten years. The judge also prohibited Trump from holding positions as a manager or director of any New York corporation for three years.

Additionally, Trump may face civil liability for the actions of the participants in the Capitol riot on January 6, 2021.