Trump and company liable for fraud in New York l
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Posted On: 09/27/2023 6:12:09 AM
Trump and company liable for fraud in New York lawsuit, judge rules
PUBLISHED TUE, SEP 26 20234:35 PM EDTUPDATED MOMENTS AGO
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Dan Mangan
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A judge ruled that former President Donald Trump and his company are liable for fraud in a lawsuit by New York Attorney General Letitia James.
Judge Arthur Engoron as part of that decision canceled the New York business certificates of Trump and the other defendants in the suit in Manhattan Supreme Court.
Engoron in his ruling found that Trump had made false and misleading valuations for multiple real estate assets in statements to insurers and banks over the course of years.
Because of those misstatements, Trump had inflated his true net worth by billions of dollars, the judge found.
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