A judge on Friday ordered former President Donald Trump and his companies to pay nearly $355 million in the New York civil fraud case.

Judge Arthur Engoron also barred Trump from serving as an officer or director of any New York corporation or other legal entity in the state for three years. Trump's adult sons, Donald Jr. and Eric, were ordered to each pay $4 million for their personal profits from the fraud.

In September, Engoron found Trump and his co-defendants liable for fraud for grossly inflating asset valuations on financial statements. The ruling was a significant victory for New York Attorney General Letitia James, who brought a lawsuit in 2022 alleging that Trump and his co-defendants committed repeated fraud in inflating assets on financial statements to get better terms on commercial real estate loans and insurance policies.

Trump inflated his net worth by as much as $3.6 billion in three separate years between 2011 and 2021, according to the attorney general's office. Attorneys for Trump refuted the claims, arguing that asset valuations are highly subjective and that they were still sorting through what the ruling means for the company's future.

Trump attended closing arguments in January and spoke from the defense table for roughly five minutes, saying the "financial statements are perfect" and calling the case a "witch hunt" before the judge cut him off. The former president plans to appeal the ruling.

Trump holds a brief media appearance on January 11 as the New York attorney general's office presented closing arguments.
Trump holds a brief media appearance on January 11 as the New York attorney general's office presented closing arguments.
Spencer Platt/Getty Images
Court police stand outside the New York State Supreme Court during closing arguments on January 11.
Court police stand outside the New York State Supreme Court during closing arguments on January 11.
Spencer Platt/Getty Images
Trump's daughter Ivanka leaves for a lunch break after testifying in the case on November 8. She discussed her role in negotiating loans for her father's purchases of the Doral golf resort in Florida and the Old Post Office in Washington, DC.
Trump's daughter Ivanka leaves for a lunch break after testifying in the case on November 8. She discussed her role in negotiating loans for her father's purchases of the Doral golf resort in Florida and the Old Post Office in Washington, DC.
Adam Gray/AFP/Getty Images
Trump gestures a zipped lip in front of reporters as he walks out of a New York courtroom during a break in his civil fraud trial on November 6.
Trump gestures a zipped lip in front of reporters as he walks out of a New York courtroom during a break in his civil fraud trial on November 6.
Jabin Botsford/The Washington Post/Getty Images
The former president sits in the courtroom on November 6.
The former president sits in the courtroom on November 6.
Jabin Botsford/Pool/Getty Images
Eric Trump exits the courtroom for a lunch recess during the civil fraud trial on November 2. He and his brother Donald Trump Jr. were pressed about their knowledge of and involvement with their father's financial statements.
Eric Trump exits the courtroom for a lunch recess during the civil fraud trial on November 2. He and his brother Donald Trump Jr. were pressed about their knowledge of and involvement with their father's financial statements.
Michael M. Santiago/Getty Images
Donald Trump Jr. walks out of court after testifying on November 1. During his 90-minute <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2F2023%2F11%2F01%2Fpolitics%2Fdonald-trump-jr-fraud-trial%2Findex.html" target="_blank">testimony</a>, Trump Jr. said he was not involved in the preparation of his father's financial statements at any point in time — including after his father became president in 2017 and he was appointed trustee on his father's revocable trust.
Donald Trump Jr. walks out of court after testifying on November 1. During his 90-minute testimony, Trump Jr. said he was not involved in the preparation of his father's financial statements at any point in time — including after his father became president in 2017 and he was appointed trustee on his father's revocable trust.
Jeenah Moon/Bloomberg/Getty Images
Michael Cohen, Donald Trump's one-time lawyer and fixer, leaves the courtroom after <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2F2023%2F10%2F24%2Fpolitics%2Ftakeaways-michael-cohen-donald-trump%2Findex.html" target="_blank">testifying</a> against Trump on October 24. Cohen's testimony directly implicated the former president, saying he was directed by his former boss to inflate Trump's net worth on financial statements to hit an arbitrary number.
Michael Cohen, Donald Trump's one-time lawyer and fixer, leaves the courtroom after testifying against Trump on October 24. Cohen's testimony directly implicated the former president, saying he was directed by his former boss to inflate Trump's net worth on financial statements to hit an arbitrary number.
Alex Kent/AFP/Getty Images
Former Trump Organization Executive Allen Weisselberg, left, sits in the courtroom during during the trial on October 10.
Former Trump Organization Executive Allen Weisselberg, left, sits in the courtroom during during the trial on October 10.
Michael M. Santiago/Getty Images
Donald Trump listens during the trial on October 4.
Donald Trump listens during the trial on October 4.
Jeenah Moon/Pool/Reuters
Eric Trump, right, attends the proceedings on October 4.
Eric Trump, right, attends the proceedings on October 4.
Jeenah Moon/Pool/Reuters
Donald Trump is seen on camera while speaking to the media on October 4.
Donald Trump is seen on camera while speaking to the media on October 4.
David Dee Delgado/Getty Images
Trump <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2Fpolitics%2Flive-news%2Ftrump-fraud-trial-new-york-10-04-23%2Fh_68b7ee7706b89c0b08499cff48ba5697" target="_blank">speaks to the media</a> assembled at the New York Supreme Court on October 4. He again criticized New York Attorney General Letitia James, along with the statute of the law used to sue him, on his way to the courtroom.
Trump speaks to the media assembled at the New York Supreme Court on October 4. He again criticized New York Attorney General Letitia James, along with the statute of the law used to sue him, on his way to the courtroom.
David Dee Delgado/Getty Images
A guard stands at the entrance of New York's Trump Tower on October 3, the second day of the trial.
A guard stands at the entrance of New York's Trump Tower on October 3, the second day of the trial.
Anthony Behar/SIPA/AP
Trump is flanked by members of his legal team on October 3. The former president, who's actively campaigning for a second term, faces an increasingly packed calendar of criminal and civil litigation as the 2024 election nears. He faces <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2Finteractive%2F2023%2F07%2Fpolitics%2Ftrump-indictments-criminal-cases%2F" target="_blank">four criminal indictments</a> handed down this year, as well as other civil litigation.
Trump is flanked by members of his legal team on October 3. The former president, who's actively campaigning for a second term, faces an increasingly packed calendar of criminal and civil litigation as the 2024 election nears. He faces four criminal indictments handed down this year, as well as other civil litigation.
Dave Sanders/Pool/The New York Times/AP
Police keep watch outside the court on October 3.
Police keep watch outside the court on October 3.
Laura Oliverio/CNN
Judge Arthur Engoron presides over the trial on October 3. A week earlier, Engoron ruled that Trump and his co-defendants were liable for fraud.
Judge Arthur Engoron presides over the trial on October 3. A week earlier, Engoron ruled that Trump and his co-defendants were liable for fraud.
Dave Sanders/Pool/The New York Times/AP
Trump speaks to the media as he arrives to court on October 3.
Trump speaks to the media as he arrives to court on October 3.
Kena Betancur/AFP/Getty Images
Police set up gates outside the courthouse on October 3.
Police set up gates outside the courthouse on October 3.
Laura Oliverio/CNN
Coverage of the trial is seen on the front page of the Wall Street Journal on October 3.
Coverage of the trial is seen on the front page of the Wall Street Journal on October 3.
Laura Oliverio/CNN
A media member prepares outside the court on October 3.
A media member prepares outside the court on October 3.
Laura Oliverio/CNN
Trump sits in the courtroom on October 2, the first day of the trial.
Trump sits in the courtroom on October 2, the first day of the trial.
Brendan McDermid/Pool/Reuters
Demonstrators stand outside the court before the start of the trial on October 2.
Demonstrators stand outside the court before the start of the trial on October 2.
Laura Oliverio/CNN
James, center, sits in the front row of the courtroom on October 2.
James, center, sits in the front row of the courtroom on October 2.
Brendan McDermid/Pool/Getty Images
Members of the media set up outside New York's Trump Tower on October 2.
Members of the media set up outside New York's Trump Tower on October 2.
Laura Oliverio/CNN
Trump speaks during a lunch break on October 2.<a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2Fpolitics%2Flive-news%2Ftrump-fraud-trial-new-york-10-02-23%2Fh_f90fa2e14924a00c133306c1868a0d53" target="_blank"> He criticized Engoron</a> and said the case against him was a "disgrace."
Trump speaks during a lunch break on October 2. He criticized Engoron and said the case against him was a "disgrace."
Craig Ruttle/AP
Trump sits in the courtroom on October 2. The trial is expected to run until December 22, the judge said.
Trump sits in the courtroom on October 2. The trial is expected to run until December 22, the judge said.
Brendan McDermid/Pool/Reuters
A box is carried at the courthouse before the start of the trial October 2.
A box is carried at the courthouse before the start of the trial October 2.
Michael M. Santiago/Getty Images
Trump speaks to the media at the New York Supreme Court on October 2. <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2Fpolitics%2Flive-news%2Ftrump-fraud-trial-new-york-10-02-23%2Fh_e83e2797310240ba7e8540e4c80ba014" target="_blank">On his way to the courtroom</a>, Trump said the civil fraud trial is a "continuation of the single greatest witch hunt of all time." He also called it "a scam and a sham."
Trump speaks to the media at the New York Supreme Court on October 2. On his way to the courtroom, Trump said the civil fraud trial is a "continuation of the single greatest witch hunt of all time." He also called it "a scam and a sham."
Seth Wenig/AP
James <a href="index.php?page=&url=https%3A%2F%2Fwww.cnn.com%2Fpolitics%2Flive-news%2Ftrump-fraud-trial-new-york-10-02-23%2Fh_ffacc20e00ade596caba2a49a8f170fe" target="_blank">gives a short statement to the media</a> before the start of the trial on October 2. "My message is simple: No matter how powerful you are, no matter how much money you think you may have, no one is above the law," she said.
James gives a short statement to the media before the start of the trial on October 2. "My message is simple: No matter how powerful you are, no matter how much money you think you may have, no one is above the law," she said.
Eduardo Munoz/Reuters
Trump's son Eric watches his father speak after arriving to the courthouse on October 2.
Trump's son Eric watches his father speak after arriving to the courthouse on October 2.
Brendan McDermid/Reuters
A view of New York's Trump Tower on October 2.
A view of New York's Trump Tower on October 2.
Laura Oliverio/CNN
New York State Court Officers stand outside the New York Supreme Court on October 2.
New York State Court Officers stand outside the New York Supreme Court on October 2.
Yuki Iwamura/Bloomberg/Getty Images