Former US president Donald Trump has been fined $354.9m (£281.6m) after a civil fraud trial in New York.
With interest included, he will have to hand over at least $453.5m (£359.9m).
The judge also banned Trump from running businesses in New York for three years. His sons, Eric and Donald Jr, received similar bans for two years.
Trump and the Trump Organisation cannot apply for loans from any New York financial institution for three years.
Judge Arthur Engoron had already ruled in an earlier judgmentthat the former president inflated his wealth on financial statements given to banks, insurers and other institutions to make deals and secure loans.
Following the fine, Trump took to his Truth Social platform to vent his anger, describing the decision as a “complete and total sham” and accused the judge and prosecutors of being “deluded, biased and crooked”.
He also claimed the judgment was “illegal” and “unAmerican”.
Later, in a statement made outside his Mar-a-Largo estate, he claimed his company’s accounts were “great” and that he was the victim of a political “witch hunt”, which he blamed on President Joe Biden.
“It is a witch hunt against his [Biden’s] political opponent the likes of which our country has never been seen before,” he said.
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“You see it in Third World countries, but you don’t see it here.
“If I weren’t running [for president] none of this stuff would ever happen – none of these lawsuits would have happened – I would have had a nice life. But I enjoy this life for a different reason.”
He also said he planned to appeal.
Alina Habba, his lawyer, said after the hearing that the ruling was a “manifest injustice… plain and simple”.
She said in a statement: “It is the culmination of a multi-year, politically fuelled witch hunt that was designed to ‘take down Donald Trump,’ before Letitia James ever stepped foot into the Attorney General’s office.”
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Trump: ‘They don’t like me running’
New YorkAttorney General Letitia James sought $370m (£294m) and a ban on Trump and other defendants from doing business in the state in the civil fraud case.
Such a huge penalty could leave Trump’s real estate empire in tatters – an image that helped lead him to fame and the White House in 2016.
Judge Engoron also cancelled his prior ruling from September ordering the “dissolution” of companies that control areas of Trump’s real estate empire, saying this was no longer necessary because he is appointing an independent monitor and compliance director to oversee the businesses.
In the ruling, the judge wrote that Trump and the other defendants in the case “are incapable of admitting the error of their ways”.
The judge called the fraud at the heart of the trial a “venial sin, not a mortal sin”, adding in his written verdict: “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff.
“But the frauds found here leap off the page and shock the conscience.
“Their complete lack of contrition and remorse borders on pathological. Instead, they adopt a ‘see no evil, hear no evil, speak no evil’ posture that the evidence belies.”
Donald Trump Jr and Eric Trump were each ordered to pay $4m (£3.1m) by the judge.
Image: Trump’s Mar-a-Lago estate in Palm Beach was central to the case. Pic: AP
Image: Trump Tower is one of the ex-president’s many properties. Pic: AP
In response, Trump’s legal team claimed the testimony during the trial “proved there was no wrongdoing, no crime, and no victim” and added an appeal would be launched.
Ms Habba added: “Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution against my clients.
“Let me make one thing perfectly clear: this is not just about Donald Trump – if this decision stands, it will serve as a signal to every single American that New York is no longer open for business.”
She launched a defamation case against the ex-president, accusing him of sexually assaulting her in a Manhattan department store in the mid-1990s.
In this latest civil case, Ms James’ office estimated Trump exaggerated his wealth by as much as $3.6bn.
State lawyers claimed Trump used the inflated numbers to get lower insurance premiums and favourable loan terms, saving at least $168m £133m) on interest alone.
Image: Judge Arthur Engoron at the closing arguments of the trial. Pic Reuters
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The Republican presidential front-runner testified in November that his financial statements actually understated his net worth and that banks did their own research and were happy with his business.
During closing arguments in January this year, he claimed the case was a “fraud on me”.
Before the trial, Judge Engoron ruled on James’ main claim, finding that Trump’s financial statements were fraudulent.
As punishment, the judge ordered some of his companies should be removed from his control and dissolved, but due to an appeal, another court has put that on hold.
Because it is a civil case, rather than criminal, there was no threat of Trump being jailed.
However, four of the investigations into the former president are on criminal grounds, including one in New York related to alleged hush money payments to a porn star ahead of the 2016 election.
Trump has also been charged in Florida over his handling of classified documents after leaving office and in Washington and Georgia for his bid to overturn his 2020 election loss.
Donald Trump has ambushed South Africa’s president during a White House meeting by playing a video purportedly showing evidence of a “genocide” of white people in the African country.
The US president, who was hosting leader Cyril Ramaphosa in the Oval Office, said the footage showed the graves of thousands of white farmers.
Mr Ramaphosa sat quietly and mostly expressionless while a montage of videos was played, and he later said: “I’d like to know where that is because this [the videos] I’ve never seen”.
The lights had been dimmed in the room as videos were shown, including of South African officials allegedly calling for violence against white farmers.
South Africa has rejected the allegation that white people are disproportionately targeted by crime.
The videos include one of a communist politician playing a controversial anti-apartheid song that includes lyrics about killing a farmer.
Mr Trump accused South Africa of failing to address the killing of white farmers. “People are fleeing South Africa for their own safety,” the US president said. “Their land is being confiscated and in many cases they’re being killed.”
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Alluding to people in the videos, Mr Trump said: “These are people that are officials and they’re saying… kill the white farmer and take their land.”
Image: Cyril Ramaphosa and Donald Trump in the Oval Office today
The US president then displayed printed copies of articles that he said showed white South Africans who had been killed, saying “death, death” as he flipped through them.
He added of one article: “Here’s burial sites all over the place, these are all white farmers that are being buried.”
South African leader rejects allegations
Mr Ramaphosa pushed back against Mr Trump’s accusations, by responding: “What you saw, the speeches that were being made, that is not government policy. We have a multi-party democracy in South Africa that allows people to express themselves, political parties to adhere to various policies.
“And in many cases or in some cases, those policies do not go along with government policy.
“Our government policy is completely, completely against what he [a person in the video montage] was saying. Even in the parliament. And they are a small minority party which is allowed to exist in terms of our constitution.”
Mr Ramaphosa also said of the behaviour alleged by Mr Trump: “We are completely opposed to that.”
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Mr Ramaphosa said there was crime in South Africa, and the majority of victims were black. Mr Trump cut him off and said: “The farmers are not black.” The South African president responded: “These are concerns we are willing to talk to you about.”
Mr Trump has cancelled aid, expelled South Africa’s ambassador and offered refuge to white minority Afrikaners based on racial discrimination claims which Pretoria says are unfounded.
Experts in South Africa say there is no evidence of white people being targeted, although farmers of all races are victims of violent home invasions in a country that suffers from a very high crime rate.
Universal has opened a new theme park to rival Disney World in Florida.
NBCUniversal owner Comcast, which also owns Sky News, is rewriting the Orlando travel itinerary with its $7bn Epic Universe.
The 750-acre park features five worlds themed around movie and game franchises NBCUniversal owns or licenses.
These include Super Nintendo World, complete with a Mario Kart ride, and the immersive Wizarding World of Harry Potter – Ministry of Magic.
Image: Pic: Reuters
Image: Fans pose for pictures in Super Nintendo World. Pic: Reuters
How to Train Your Dragon – Isle of Berk, Celestial Park and Dark Universe complete the park.
The project is the first major theme park to open in the US in more than 20 years and marks Comcast’s largest investment in Universal attractions since it gained control of the business in 2011.
Image: People riding the Dragon’s Racers Rally rollercoaster. Pic: Reuters
Comcast president Mike Cavanaugh said: “This is the one part of the media ecosystem that is not vulnerable to screen-shifting. It’s still beloved as a thing to do with friends and family.
“It would be silly not to be stepping on the gas.”
Image: The sprawling park covers 750 acres. Pic: Reuters
Epic Universe could attract 9.5 million visitors and bring in more than $1.3bn in revenue in 2026, analyst Craig Moffett has predicted.
Another new Universal theme park is also in the pipeline, with the company set to open its first European resort in 2031.
Actor George Wendt, who played Norm Peterson in the iconic sitcom Cheers, has died at the age of 76.
His family said he died early on Tuesday morning, peacefully in his sleep, according to publicity firm The Agency Group.
“George was a doting family man, a well-loved friend and confidant to all of those lucky enough to have known him. He will be missed forever,” the family said in a statement.
His character as an affable, beer-loving barfly in Cheers was watched by millions in the 1980s – earning him six consecutive Emmy nominations for best supporting actor.
The sitcom was based in a Boston bar “where everybody knows your name” – proved true given everyone would shout “Norm!” when he walked in.
Wendt appeared in all 273 episodes of Cheers – with his regular first line of “afternoon everybody” a firm fan favourite.
He was also a prominent presence on Broadway – appearing on stage in Art, Hairspray and Elf. Before rising to fame, he spent six years in Chicago’s renowned Second City improvisation troupe.
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In an interview with GQ magazine, he revealed he didn’t have high hopes when he auditioned for the role that would catapult him to fame.
“My agent said: ‘It’s a small role, honey. It’s one line. Actually, it’s one word.’ The word was ‘beer.’
“I was having a hard time believing I was right for the role of ‘the guy who looked like he wanted a beer.’
“So I went in, and they said, ‘It’s too small a role. Why don’t you read this other one?’ And it was a guy who never left the bar.”
One of nine children, Wendt was born in Chicago and graduated with a degree in economics.
He married actress Bernadette Birkett in 1978, who voiced the character of Norm’s wife in Cheers but never appeared on screen. They have three children.
Wendt’s nephew is Jason Sudeikis, who played the lead role in Ted Lasso.