Donald Trump has been ordered to pay more than $350m after being found liable, along with his adult sons and former chief associates of the Trump Organization, for defrauding banks and investors as part of a decades-long fraud scheme.

       The long-awaited decision was handed down by New York Justice Arthur Engoron on Friday in a 92-page filing.

       In it, Justice Engoron said the former president and his co-defendants had “submitted blatantly false financial data” to obtain favourable rates on brand-building properties.

       Mr Trump, his sons Eric Trump and Donald Trump Jr, as well as Alan Weisselberg and Jeffrey McConney have been hit with millions of dollars in fines.

       They are also barred from holding office or director positions in any New York corporation for two to three years.

       Read the decision in full here.