Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling

Including interests on the penalties, the ruling puts the former US president on the hook for more than €415 million.

Transcript

00:00 Donald Trump's legal woes are far from over.

00:04 On Friday, a New York judge ruled he must pay almost $355 million in penalties due to

00:10 fraudulently overstating his net worth to trick banks and insurers.

00:14 The judge also served him with a three-year ban from serving as an officer or director

00:19 of any New York corporation.

00:22 Trump's lawyers vowed to appeal the decision.

00:25 Today's ruling comes as the former president is running for presidency this year and faces

00:30 four criminal cases against him.

00:32 [SWOOSH]