Judge Arthur Engoron of the New York State Supreme Court found on Tuesday that Donald Trump had committed fraud by illegally exaggerating the worth of his real estate assets to secure more favorable loans from banks and insurance companies over a period of approximately 10 years.
New York Attorney General Letitia James filed a $250 million civil lawsuit against President Trump, his two sons, and the Trump Organization.
This claim is an integral part of the suit and allows James to impose sanctions on all defendants and their attorneys.
The other charges are due to go before a non-jury trial on Monday, which may take up to three months unless any appeals delay proceedings.
Engoron issued a ruling that the business certificates for the Trump Organization should be revoked, after citing James’ arguments that Trump had exaggerated his net worth by as much as $3.6 billion on financial statements supplied to insurance companies and bankers.
Included in the lawsuit were properties such as Mar-a-Lago Club in Florida and his penthouse apartment at the Trump Tower in Manhattan.
Engoron criticized the defense used by Trump throughout the case.
“He claims that if the values of the property have gone up in the years since the (financial statements) were submitted, then the numbers were not inflated at that time,” Engoron wrote in the ruling.
“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.”
They keep throwing lawsuit after lawsuit at this man to see if anything sticks.
Despite this (and possibly because of the non-stop perceivably coordinated attacks) Trump remains a top contender for the Republican nomination in the 2024 United States Presidential Election.
Luckily, the majority of Americans see through the BS, and plan to make Trump President once again.
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