Adam Reiss is a reporter and producer for NBC and MSNBC.
The judge who presided over a civil business fraud trial against Donald Trump on Friday ordered the former president, his sons, business associates and company to pay over $350 million in damages and temporarily limited their ability to do business in New York.
James contended the defendants used the inflated financial statements to obtain bank loans and insurance policies at rates he otherwise wouldn’t have been entitled to and 'reaped hundreds of millions of dollars in ill-gotten gains.' Trump had maintained his financial statements were conservative, and has called the AG's allegations politically motivated and a 'fraud on me.
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