Donald Trump committed fraud by inflating the value of his real estate and financial assets, a New York judge has ruled.
Donald Trump and his family business were found liable for fraud on Wednesday by a New York judge in state Attorney General Letitia James' civil lawsuit accusing the former US president of illegally inflating his assets and net worth.James sued Trump in September 2022, accusing him and the Trump Organization of lying for a decade about asset values and his net worth to get better terms on bank loans and insurance.
She has said Trump inflated his net worth by as much as $2.23 billion, and by one measure as much as $3.6 billion, on annual financial statements given to banks and insurers.The attorney general has said assets whose values were inflated included Trump's Mar-a-Lago estate in Florida, his penthouse apartment in Manhattan's Trump Tower, and various office buildings and golf courses.
"He claims that if the values of the property have gone up in the years since the were submitted, then the numbers were not inflated at that time," Engoron wrote. "He also seems to imply that the numbers cannot be inflated because he could find a 'buyer from Saudi Arabia' to pay any price he suggests."Published 27 September 2023 7:36am
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump defrauded banks for years, New York civil case rulesA judge rules that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
Read more »
Virgin’s cheeky new hotel is perfect for an adults-only New York stayRooms featuring playful touches like a “couples pack” and peephole suggest this is not the place for families.
Read more »
Virgin’s cheeky new hotel is perfect for an adults-only New York stayRooms featuring playful touches like a “couples pack” and peephole suggest this is not the place for families.
Read more »
Virgin’s cheeky new hotel is perfect for an adults-only New York stayRooms featuring playful touches like a “couples pack” and peephole suggest this is not the place for families.
Read more »
Judge rules Donald Trump defrauded banks, insurers while building real estate empireA judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
Read more »
Donald Trump Jr: organisers blame ‘scheduling conflict’ for another delay to Australian speaking tourEvents this week with former president’s son pushed back to December after earlier being moved from July amid claims of visa trouble
Read more »