Donald Trump hit with $355 million penalty, 3-year ban for fraudulently inflating property price to get loans

New York: In a major blow to former US President Donald Trump before the elections, a New York judge imposed a USD 364 million penalty for fraudulently overstating his net worth to dupe lenders. Besides, Trump also was barred from serving as an officer or director of any New York corporation for three years.New York: In a major blow to former US President Donald Trump before the elections, a New York judge imposed a USD 364 million penalty for fraudulently overstating his net worth to dupe lenders. Besides, Trump also was barred from serving as an officer or director of any New York corporation for three years.

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