New York A.G. Seeks $370 Million From Trump After Civil Fraud Trial – The New York Times
Trump Civil Fraud Trial
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The penalty was well over the $250 million that the attorney general, Letitia James, had estimated in the fall of 2022, when she sued the former president.
The New York attorney general on Friday asked the judge who had overseen the civil fraud trial of Donald J. Trump to penalize the former president about $370 million, saying the trial had demonstrated that he had gained that amount through unlawful conduct.
The sum was well over the $250 million that the attorney general, Letitia James, had estimated in the fall of 2022, when she sued Mr. Trump, accusing him of inflating his net worth to obtain favorable treatment from banks and insurers.
The trial began in October and proceedings ended last month, but Mr. Trump’s fate is not yet settled. The attorney general’s penalty request came in a post-trial brief filed on Friday. Mr. Trump’s lawyers, in one of their own filings, wrote that “the attorney general has woefully failed to prove her case and is not entitled to any of the relief,” including any financial penalty.
In a statement, a lawyer for Mr. Trump, Christopher M. Kise, called the amount “unconscionable, unsupported by the evidence, untethered from reality and unconstitutionally excessive.”
A spokeswoman for the Trump Organization said that “every single member of the New York business community, no matter the sector, should be gravely concerned with this gross overreach and brazen attempt by the attorney general to exert limitless power where no private or public harm has ever been established.”
Next week, the lawyers in the case will make closing arguments in front of the trial judge, Arthur F. Engoron. Mr. Trump is expected to attend the proceedings. The nature of Ms. James’s lawsuit meant that there was no jury; Justice Engoron has said he will try to issue a ruling by the end of this month.
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