Donald Trump was fined nearly $355 million in New York on Friday February 16 for a series of financial frauds within his real estate empire, the Trump Organization.
This unprecedented decision is accompanied by a three-year ban on the former President of the United States from any business management in New York State.
The state's attorney general, Letitia James, filed charges against him in 2022 and took him, along with his two adult sons and their family group, to a civil trial for fraud from October to January.
In September, Arthur Engoron had already ruled that Donald Trump was guilty of fraud and ordered the partial dissolution of his empire.
Friday's ruling came after a contentious three-month trial in Manhattan.
This civil fraud case could deal a severe blow to Donald Trump's real estate empire, as the businessman leads the race for the Republican nomination to take on Democratic President Joe Biden in the election American of November 5.