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Trump penalties in New York fraud case formally set at more than $454m

Judgment will continue to accrue interest if ex-president fails to pay after attorney general says she will seize assets if necessary

Donald Trump’s penalties in the New York civil fraud case for manipulating the value of his properties to obtain advantageous loan and insurance rates were formally set at more than $454m on Friday.

The judgment, which includes $354m in penalties plus $100m in pre-judgement interest following the three-month, non-jury trial that concluded on 16 February, will continue to accrue interest if the former president fails to pay.

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