New York’s attorney-general has urged a judge to force Donald Trump to pay $370m for inflating the value of his real estate empire by billions of dollars.
The request from Letitia James, which comes at the end of a 44-day trial in Manhattan, is an increase from the $250m previously demanded.
They said the $370m demand reflected the sum of the interest the Trump businesses saved on four commercial real estate loans, the sale of a hotel and golf course, and the bonuses paid to the former president’s lieutenants at the Trump Organization, including Allen Weisselberg.
Judge Arthur Engoron already concluded on the eve of the trial that the former president committed fraud.
James’s office has also asked the court to impose a lifetime ban on Trump working in the real estate industry in New York or serving as an officer or director of a business in the state. It is seeking similar five-year prohibitions for his sons Donald Jr and Eric.
Trump has denied wrongdoing in all matters.
