Trump Loved New York. Now It's Giving Him the Boot.
The former president fashioned himself a Gotham tycoon and longed to be accepted in its elite business circles. The rejection from that world may sting more than the severe financial penalties.
New York to Trump: Drop dead — for now.
Photographer: Seth Wenig (pool)/Getty Images
Donald Trump built his fortune and legacy in New York. And New York has told him he needs to leave for a few years — and to forfeit at least $355 million on his way out the door.
Arthur Engoron, a New York judge, levied the fine and the timeout in his final 92-page ruling in a civil fraud case that New York State Attorney General Letitia James filed against the former president in 2022. James accused Trump of falsely inflating the value of his holdings to deceive lenders, and Engoron agreed. Trump has assets he can sell to pay the financial penalty, but it will strain his available cash reserves. He has already been ordered to pay the writer E. Jean Carroll $88.5 million after being found guilty of sexually abusing and defaming her.