A judge governed It was revealed on Tuesday that Donald Trump committed years of fraud as he built the real estate empire that boosted his fame and brought him to the White House.
New York Supreme Court Justice Arthur Engoron found that Trump and his company deceived insurers, bankers and others by greatly inflating his wealth and net worth through paperwork he used to conduct business and secure financing have inflated. Engoron also found that Trump, his company and its key executives repeatedly lied about his assets in his financial statements to take advantage of favorable credit terms and lower insurance premiums. Those actions violated the law, the judge said, rejecting Trump’s argument that a disclaimer in the statements absolved him of any wrongdoing.
The decision comes just days before New York Attorney General Letitia James’ civil case against the former president begins on October 2. The ruling, in a part of the case known as summary judgment, settles the main issue in James’ lawsuit and leaves six others for Engoron’s consideration in the non-jury trial, which he said could last into December, so that Associated Press.
Trump’s lawyers had previously asked the judge to dismiss the case on the grounds that James lacked legal standing to file the lawsuit because there was no evidence of public harm from Trump’s actions, but the lawyers’ request was denied. James is demanding a $250 million fine and a ban on the former president from doing business in the state in the future.