New York Attorney General Letitia James is now seeking $370 million in penalties in her civil fraud case against former President Donald Trump, up from the $250 million she originally estimated when she first filed her lawsuit in September 2022, according to new court filings ahead of next week’s closing arguments in the case.
New York Attorney General Letitia James addresses the media outside New York Supreme Court, ... [+]
The damages would include prejudgment interest, the filing said, and James is also seeking to bar Trump from doing real estate business in New York.
The attorney general alleged that Trump and his co-defendants “reaped hundreds of millions of dollars in ill-gotten gains” resulting from alleged schemes to fraudulently misstate the value of Trump and his businesses’ assets.
In filings of their own, Trump’s attorneys rejected the allegations, maintaining arguments that the allegations are beyond the statute of limitations and that the transactions had no “real world impact.”
This is a developing story. Check back for updates.