NY AG Requests Trump's Fraud Penalty Be Increased to $370 Million
Summary from the AllSides News Team
New York Attorney General Letitia James increased the requested penalty amount in former President Donald Trump’s civil fraud case.
For Context: James’ case argues that Trump inflated the reported size and value of his New York real estate properties in order to gain more favorable loans. At the start of the trial in September, Judge Arthur Engoron ruled that Trump did commit fraud, ordering some of the former president’s business licenses be rescinded.
Details: James previously requested a penalty of $250 million, but increased the request to $370 million and a lifetime ban on Trump doing business in New York. James cited additional evidence of “ill-gotten gains” for her increased penalty request. Trump’s legal team has countered the state’s argument by attributing the inaccurate valuations to “errors or misstatement” that were corrected, also arguing that the allegedly defrauded banks conducted their due diligence prior to issuing the loans. Trump himself has argued on social media that the trial is politically motivated, pointing to the fact that the judge’s clerk has previously donated to Democratic causes to deem the trial unfair and unsuccessfully move for a mistrial. The judge placed Trump under a gag order to prevent him from commenting on the courtroom staff and has fined Trump $15,000 for violating it.
How the Media Covered It: Outlets across the spectrum covered the development. While left- and center-rated outlets covered the development more frequently and prominently, most coverage devoted equal space to the argument of each side.
Featured Coverage of this Story
From the Left
NY seeks $370M in penalties in Trump’s civil fraud trial. His defense says gains weren’t ill-gotten![AllSides Media Bias Rating: Lean Left AllSides Media Bias Rating: Lean Left](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
![](https://www.allsides.com/sites/default/files/styles/feature_image_300x200/public/ttru.webp?itok=Y9kCHvrq)
New York state lawyers increased their request for penalties to over $370 million Friday in Donald Trump’s civil business fraud trial, while his defense argued that 10-plus weeks of testimony produced no evidence of fraudulent intentions or ill-gotten gains.
Both sides highlighted their takeaways from the trial in court filings ahead of closing arguments, set for Thursday. Trump is expected to attend, though plans could change.
It will be the final chance for state and defense lawyers to make their case in a lawsuit that is consequential for the leading...
From the Center
New York AG asks judge to force Trump to pay $370M in fraud case![AllSides Media Bias Rating: Center AllSides Media Bias Rating: Center](https://www.allsides.com/sites/default/files/bias-center.png)
Former President Trump, his business and several top executives — including his adult sons — used “myriad deceptive schemes” to falsely inflate his net worth by billions, the New York attorney general’s office argued Friday in court filings ahead of closing remarks in his fraud trial next week.
“The conclusion that defendants intended to defraud when preparing and certifying Trump’s (statements of financial condition) is inescapable,” reads the state’s post-trial brief.
Trump’s statements of financial condition — documents that detail the value of the Trump Organization’s various assets — are...
From the Right
Trump makes case to avoid $370 million in fines as civil fraud trial comes to a close![AllSides Media Bias Rating: Lean Right AllSides Media Bias Rating: Lean Right](https://www.allsides.com/sites/default/files/bias-leaning-right.png)
![](https://www.allsides.com/sites/default/files/styles/feature_image_300x200/public/tl.webp?itok=3xgavDHE)
New York Attorney General Letitia James (D) on Friday said former President Donald Trump should be forced to pay $370 million in penalties for misrepresenting his net worth on official business statements, jumping from the $250 million amount proposed when the civil lawsuit was first filed.
The new sum sought by James comes as the monthslong civil lawsuit against the Trump Organization is coming to a close. James is asking for more because of additional evidence of "ill-gotten gains" Trump and his family earned by submitting fraudulent statements to banks...
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