Former president Donald Trump is facing a massive civil penalty after a New York judge found he had engaged in a scheme to fraudulently inflate his wealth to banks and other lenders. Trump has been ordered to pay nearly $355 million, and has been banned from running a business in New York state for three years. His companies and two eldest sons also face penalties. Astrid Martinez has more.
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Former president Donald Trump is facing a massive civil penalty after a New York judge found he had engaged in a scheme to fraudulently inflate his wealth to banks and other lenders. Trump has been ordered to pay nearly $355 million, and has been banned from running a business in New York state for three years. His companies and two eldest sons also face penalties. Astrid Martinez has more. "CBS Saturday Morning" co-hosts Jeff Glor, Michelle Miller and Dana Jacobson deliver two hours of original reporting and breaking news, as well as profiles of leading figures in culture and the arts. Watch "CBS Saturday Morning" at 7 a.m. ET on CBS and 8 a.m. ET on the CBS News app. Subscribe to "CBS Mornings" on YouTube: https://youtube.com/CBSMornings Watch CBS News: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow "CBS Mornings" on Instagram: https://instagram.com/cbsmornings/ Like "CBS Mornings" on Facebook: https://facebook.com/CBSMornings Follow "CBS Mornings" on Twitter: https://twitter.com/CBSMornings Subscribe to our newsletter: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: licensing@veritone.com