New York Judge Arthur Engoron issued a first of its kind $355 million settlement against former President Donald Trump, ruling that he inflated the value of his real estate when applying for loans. The settlement was announced six days before the trial, which critics argue makes it a show trial. Notably, the banks did not complain about Trump’s dealings, but the case was pursued by New York Attorney General Letitia James who had previously pledged to “get” Trump. Critics argue this could scare off real estate developers and other businesses, further damaging the economically struggling state. Trump recently launched a pair of golden sneakers, “Never Surrender High Tops”, showing his continued popularity among supporters.
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