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Trump ordered to pay $355m for lying about his wealth in staggering civil fraud ruling

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Trump ordered to pay $355m for lying about his wealth in staggering civil fraud ruling
 • Ex-US President Trump
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A New York judge ordered Donald Trump on Friday to pay $355 million in penalties, finding that the former president lied about his wealth for years in a sweeping civil fraud verdict that pierces his billionaire image but stops short of putting his real estate empire out of business.

Judge Arthur Engoron’s decision after a trial in New York Attorney General Letitia James’ lawsuit punishes Trump, his company and executives, including his two eldest sons, for scheming to dupe banks, insurers and others by inflating his wealth on financial statements. It forces a shakeup at the top of his Trump Organization, putting the company under court supervision and curtailing how it does business.

The decision is a staggering setback for the Republican presidential front-runner, the latest and costliest consequence of his recent legal troubles. The magnitude of the verdict on top of penalties in other cases could dramatically dent Trump’s financial resources and damage his identity as a savvy businessman who parlayed his fame as a real estate developer into reality TV stardom and the presidency. He has vowed to appeal and won’t have to pay immediately.

Trump’s true punishment could be far costlier because under state law he is also required to pay interest on the penalties, which James said puts him on the hook for a total of more than $450 million. The amount, which would be paid to the state, will grow until he pays.

The judge made clear, however, that the Trump Organization will continue to operate, backing away from an earlier ruling that would have dissolved Trump’s companies.

Engoron, a Democrat, concluded that Trump and his company were “likely to continue their fraudulent ways” without the penalties and controls he imposed. Engoron concluded that Trump and his co-defendants “failed to accept responsibility” and that experts who testified on his behalf “simply denied reality.”

“This is a venial sin, not a mortal sin,” Engoron wrote in a searing 92-page opinion. “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways.”

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He said their “complete lack of contrition and remorse borders on pathological” and “the frauds found here leap off the page and shock the conscience.”

Trump said the decision was “election inference” and “weaponization against a political opponent,” complaining to reporters at his Mar-a-Lago estate in Florida that he was being penalized for “having built a perfect company, great cash, great buildings, great everything.”

James, a Democrat, told reporters “justice has been served” and called the ruling “a tremendous victory for this state, this nation, and for everyone who believes that we all must play by the same rules — even former presidents.”

“Now, Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich or powerful you think you are, no one is above the law,” James said.

Trump still owns the Trump Organization, but he put his assets into a revocable trust and relinquished a leadership role when he became president in 2017, putting his sons Eric and Donald Trump Jr. in charge of day-to-day operations. Engoron’s ruling imposes a three-year ban on Trump serving as an officer or director of any New York company and bars his sons for two years, effectively requiring the company to find new leadership, at least temporarily.

The monetary penalties involve what Engoron said were “ill-gotten gains” that Trump attained by making himself seem richer. They include money Trump saved by securing lower loan interest rates and profits from the sale of properties that he might not have been able to develop without that financing.

AP

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Iran threatens retaliation, says US strikes violated ceasefire

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US President Donald Trump
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Iran’s foreign ministry on Tuesday accused the United States of violating a fragile ceasefire during the past 48 hours in the southern coastal province of Hormozgan, without specifying the incident.

The accusation comes after US Central Command said its forces had on Monday attacked missile sites and boats in southern Iran that were trying to lay mines in the Gulf, while Iran’s Revolutionary Guards said it fired at US aircraft trying to enter its airspace.

“The US terrorist army, continuing its illegal and unjustified actions since the ceasefire… has, in the past 48 hours, committed a gross violation of the ceasefire in the Hormozgan region,” the Iranian foreign ministry said in a statement.

It added that Tehran “will not leave any evil unanswered and will not hesitate to defend the Iranian nation,” without elaborating.

Tuesday’s statement came as a top Iranian delegation was in Qatar for talks as part of a “diplomatic process” aimed at ending the war with the United States, which broke out on February 28

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Dozens of lranian fighters killed, as US resumes strike in Strait of Hormuz, targets IRGC Naval Boats in the Gulf

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U.S. fighter jets have reportedly struck IRGC naval boats in the Gulf after Iranian forces allegedly targeted a vessel near Bandar Abbas.

U.S. Central Command confirms “self-defense strikes” were carried out against Iranian boats and missile sites near the Strait of Hormuz amid rising tensions in the region.

It was stated that the numbers of dead has increased from 9 to 15, with dozens still missing while others remain injured.

According to emerging reports, the strikes targeted IRGC maritime assets and defensive positions during what rapidly escalated into a major military confrontation in the region. Rescue and emergency operations are said to be ongoing as authorities continue searching for missing personnel.

Iranian and regional media report heavy explosions and gunfire near Bandar Abbas, while negotiations between Washington and Tehran continue in Qatar.

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The situation is still developing, and some battlefield claims remain independently unverified.

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Suspect killed after firing shots near White House security checkpoint in US, Secret Service says

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Secret Service agents are seen after a lockdown was lifted at the White House
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A man who opened fire Saturday near a White House security checkpoint is dead after being shot by officers who returned fire, the U.S. Secret Service said. It was the third incidence of gunfire in the vicinity of President Donald Trump in the past month.

The law enforcement agency said in a statement posted on X that the man was in the area of 17th Street and Pennsylvania Avenue when he “pulled a weapon from his bag” shortly after 6 p.m. EDT and began firing. Secret Service officers returned fire and hit the suspect, who died at a hospital, the agency said.

The suspect was identified as 21-year-old Nasire Best, said a law enforcement official who spoke on the condition of anonymity because they were not authorized to discuss the investigation.

According to District of Columbia court records, Best was arrested in July 2025 after he attempted to enter a different White House checkpoint without authorization, didn’t heed officers’ commands to stop, “claimed he was Jesus Christ” and said he wanted to be arrested.

An initial hearing was held and a “Pretrial Stay Away Order” was issued, typically a measure ordering a defendant not to go near a person or area before a trial. A bench warrant was issued in August after a notice of “noncompliance” against Best, who did appear for a subsequent hearing.

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Latest gunfire incident around Trump

It was the third time in the past month that shots were fired near the president after incidents at the White House Correspondents’ Association Dinner in April and near the Washington Monument earlier in May.

A bystander was also struck on Saturday, but a law enforcement official said it wasn’t clear whether that person was hit by the suspect’s initial bullets or those fired subsequently by officers.

Secret Service said none of its officers were injured, and that Trump — who was at the White House at the time — was not “impacted.” Trump originally was scheduled to spend the weekend at his New Jersey golf club but changed his plans on Friday to stay at the White House instead.

FBI Director Kash Patel said on social media that agency personnel were on the scene and “we will update the public as we’re able.”

Evidence of the shooting was visible on a sidewalk just outside the White House complex, where yellow crime scene tape snaked across the pavement and Secret Service officers placed dozens of orange evidence markers on the ground. Medical material, including what appeared to be purple surgical gloves and kits typically used by emergency medical personnel, were also seen.

Gunshots heard by journalists at the White House

Journalists working at the White House on Saturday evening reported hearing a series of gunshots and were told to seek shelter inside the press briefing room.

In a post shared on X, ABC News senior White House correspondent Selina Wang shared dramatic video of the moment she said she heard what “sounded like dozens of gunshots” and ducked for cover. Writing that she had been performing a routine task that White House reporters do daily — filming themselves on a cellphone for a social media post — Wang’s video shows her speaking for a few seconds about Trump’s statements earlier Saturday about a potential Iran deal.

As the sounds of gunfire are heard in the background, Wang’s eyes grow wider, and she ducks down in the media tent, which is among those situated in a line along the White House driveway where broadcasters film their reports. On X, Wang’s video had been shared thousands of times as of Saturday evening, and viewed at least 3 million times.

Shooting scene not far from a deadly incident last year

The shooting scene is within walking distance of where a gunman ambushed two members of the West Virginia National Guard last November.

U.S. Army Specialist Sarah Beckstrom, 20, died from the wounds she suffered in that shooting. Staff Sgt. Andrew Wolfe, then 24, was critically wounded. Rahmanullah Lakanwal has been charged in that incident.

The gunfire Saturday came nearly a month after what law enforcement authorities said was an attempted assassination of the president as he attended the annual White House Correspondents’ Association Dinner at a Washington hotel on April 25. Cole Tomas Allen, of Torrance, California, recently pleaded not guilty to charges that he attempted to kill Trump. Allen is accused of running through a security checkpoint inside the hotel and firing a shotgun at a Secret Service officer.

Following that scare, Secret Service officers shot a suspect they said had fired at officers near the Washington Monument, several blocks from the White House. Michael Marx, 45, of Midland, Texas, was charged in a complaint filed in U.S. District Court in connection with the May 4 shooting. A teenage bystander was wounded in that incident. AP

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