Judge Orders Trump to Pay $364M in Fraud Trial

Donald Trump received what the New York Times describes as a "crushing defeat" in a New York courtroom on Friday in his fraud trial:

• Judge Arthur Engoron ordered him to pay $364 million after finding that Trump and his business falsely inflated his wealth and real estate values to dupe investors and banks, per the AP.
• Engoron also barred Trump from holding a top position at his company or any other in New York for three years.
• Sons Eric (who is currently running things) and Donald Jr. also cannot run the company for two years.
• Trump will appeal. The Times notes that most of Trump's wealth is in real estate holdings, and this ruling could wipe out his cash stockpile.

• This comes less than a month after a jury ordered Trump to pay E. Jean Carroll another $83 million in her sexual assault and defamation civil suit.
• And it comes a day after another judge said Trump's hush-money criminal case would go to trial in March.

(More Donald Trump stories.)