Republican presidential candidate former President Donald Trump arrives to speak at his Mar-a-Lago estate, Friday, Feb. 16, 2024, in Palm Beach, Fla. (AP Photo/Rebecca Blackwell)FILE - Republican presidential candidate former President Donald Trump arrives with his sons Donald Trump, Jr., left and Eric Trump, to speak at a caucus night party in Des Moines, Iowa, Jan. 15, 2024. A New York judge ruled Friday, Feb. 16, 2024, against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth. (AP Photo/Andrew Harnik, File)FILE - Justice Arthur Engoron presides over Donald Trump Jr.'s testimony in his family's civil fraud case at the New York State Supreme Court on Monday, Nov. 13, 2023 in New York. Engoron ruled Friday, Feb. 16, 2024, against Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth.(Erin Schaff/The New York Times via AP, Pool)FILE - Pedestrians cross Fifth Avenue in front of Trump Tower, Feb. 17, 2021, in New York. A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former presidents wealth. (AP Photo/John Minchillo, File)FILE - Allen Weisselberg, right, stands behind then President-elect Donald Trump during a news conference in the lobby of Trump Tower in New York, Jan. 11, 2017. A New York judge ruled Friday, Feb. 16, 2024, against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth. (AP Photo/Evan Vucci, File)Republican presidential candidate former President Donald Trump walks back inside after speaking at his Mar-a-Lago estate, Friday, Feb. 16, 2024, in Palm Beach, Fla. (AP Photo/Rebecca Blackwell)FILE - Former President Donald Trump, center, sits in the courtroom before the start of closing arguments in his civil business fraud trial at New York Supreme Court, Jan. 11, 2024, in New York. A verdict is expected Friday in Donald Trump's New York civil fraud trial, adding to a monumental week on the former president's legal calendar. (Michael Santiago/Pool Photo via AP)FILE - Eric Trump, left, and Donald Trump Jr., wait for President Donald Trump to speak from the South Lawn of the White House, Aug. 27, 2020, in Washington. A New York judge ruled Friday, Feb. 16, 2024, against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth. (AP Photo/Evan Vucci, File)FILE - Former President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York, Jan. 11, 2024. A verdict is expected Friday in Donald Trump's New York civil fraud trial, adding to a monumental week on the former president's legal calendar. (Shannon Stapleton/Pool Photo via AP, File)FILE The Seven Springs, a property owned by Donald Trump, is covered in snow, Feb. 23, 2021, in Mount Kisco, N.Y. A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former presidents wealth. (AP Photo/John Minchillo, File)FILE - An aerial view of Donald Trump's Mar-a-Lago estate is seen Aug. 10, 2022, in Palm Beach, Fla. A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former presidents wealth. (AP Photo/Steve Helber, File)FILE - Republican presidential candidate Donald Trump, left, puts his hand on the shoulder of his son, Eric, while speaking at a caucus night rally, Feb. 23, 2016, in Las Vegas. A New York judge ruled Friday, Feb. 16, 2024, against Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth. (AP Photo/Jae C. Hong, File)FILE - President Donald Trump waves to protesters while playing golf at Turnberry golf club, in Turnberry, Scotland, July 14, 2018. A New York judge ruled Friday, Feb. 16, 2024, against Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president's wealth. (AP Photo/Peter Morrison, File)Republican presidential candidate former President Donald Trump speaks at his Mar-a-Lago estate, Friday, Feb. 16, 2024, in Palm Beach, Fla. (AP Photo/Rebecca Blackwell)New York Attorney General Letitia James speaks during a press briefing, Friday, Feb. 16, 2024, in New York. A New York judge ordered Donald Trump and his companies on Friday to pay $355 million in penalties, finding they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth.(AP Photo/Bebeto Matthews)
Copyright 2024 The Associated Press. All rights reserved.
Republican presidential candidate former President Donald Trump arrives to speak at his Mar-a-Lago estate, Friday, Feb. 16, 2024, in Palm Beach, Fla. (AP Photo/Rebecca Blackwell)
NEW YORK – Former President Trump delivered remarks at Mar-a-Lago Friday evening following the judge’s ruling on his civil fraud case.
A New York judge ordered Trump and his companies on Friday to pay $355 million, finding they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth.
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Trump won’t have to pay out the money immediately as an appeals process plays out, but the verdict still is a stunning setback for the former president.
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