A New York judge imposed a 364 million dollar (£288 million) penalty on Donald Trump, his companies and some executives on Friday, ruling that they engaged in a years-long scheme to dupe banks and others with financial statements that inflated the former president's wealth.Mr Trump will not have to pay out the money immediately as an appeals process plays out, but the verdict is still a stunning setback for the former president.

A New York judge imposed a 364 million dollar (£288 million) penalty on Donald Trump, his companies and some executives on Friday, ruling that they engaged in a years-long scheme to dupe banks and others with financial statements that inflated the former president's wealth.Mr Trump will not have to pay out the money immediately as an appeals process plays out, but the verdict is still a stunning setback for the former president.