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 their own filing, 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.
A lawyer for Mr. Trump did not immediately respond to a request for comment on the $370 million figure.
Next week, the lawyers will make closing arguments in front of the trial judge, Arthur F. Engoron, who has said he will try to issue a ruling on the case by the end of this month. Along with the steep financial penalty, Ms. James is asking that Mr. Trump be barred from participating in New York’s real estate industry and from running any company in the state.
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January 06, 2024 at 01:51AM
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New York A.G. Seeks $370 Million From Trump After Civil Fraud Trial - The New York Times
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