Fraud case: US court fines Trump $370 million

NEW YORK: The legal problems of Former United States (US) President Donald Trump have increased as the US court fined him 370 million dollars.

According to the details, New York Attorney General Lalita James increased the value of the fine against Trump in the civil fraud case from $250 million to $370 million.

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The Attorney General said that during the hearing it became clear that Donald Trump earned $370 million through illegal conduct.

The defendants, including Trump’s sons Donald Jr. and Eric, deny any wrongdoing. The former president has painted the case as a political maneuver by James, Judge Arthur Engoron and other Democrats, saying they’re abusing the legal system to try to cut off his chances of winning back the White House this year.

He asserts that his financial statements actually came in billions of dollars low, and that any overestimations — such as valuing his Trump Tower penthouse at nearly three times its actual size — were mere mistakes and made no difference in the overall picture of his fortune.

It is pertinent to note that the former president is accused of abusing his position and authority to obtain financial benefits from banks and insurance companies by overstating the value of his assets.