Trump hit with mega fine in fraud case
Judge Arthur Engoron handed down a $355 million judgment against former president Donald Trump in his civil real estate fraud case in New York. Engoron held that Trump inflated the value of his assets in obtaining bank loans.The case seemed doomed from the start for the former president as Engoron, before the trial began, accepted a valuation that determined Trump’s Mar-a-Lago resort was only worth $18 million. This was a laughably absurd assertion, as Mar-a-Lago sits on wildly attractive oceanfront property in Palm Beach, Florida — the land value alone would be worth far more than $18 million.