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How Trump's $355-million fine in fraud case will impact him?

Shortpedia

Content Team
Image Credit: newsbytes

Former United States President Donald Trump was fined $355 million on Friday (local time) in a civil fraud case. A New York judge found him liable for unlawfully inflating his wealth and manipulating the value of properties to obtain insurance and bank loans on favorable terms. The judge also banned him from running companies in New York for the next three years, which could severely impact his financial status and business empire.