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Trump ordered to pay $355m to New York for lying to banks

Former President Donald Trump must pay nearly $355m (£281m) to New York state for lying about the values of his properties, a judge has ruled.

Judge Arthur Engoron also banned him from serving as a company director or taking out loans from banks in the state for three years.

The New York real estate mogul escaped having some of his companies dissolved, which could have meant bankruptcy.

Speaking from his Florida estate, Mr Trump said he would appeal the ruling.


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