"New York Judge Finds Donald Trump Liable for Fraud, Impacting His Business and Political Ambitions"

 "New York Judge Finds Donald Trump Liable for Fraud, Impacting His Business and Political Ambitions"

"New York Judge Finds Donald Trump Liable for Fraud, Impacting His Business and Political Ambitions"

"Former President Donald Trump
, a Republican Presidential Candidate"


On September 26, 2023, a New York judge, Justice Arthur Engoron, ruled that Donald Trump and his family business had fraudulently inflated the value of their properties and assets. This decision could significantly impact Trump's ability to conduct business in New York. The judge also ordered the cancellation of certificates allowing some of Trump's businesses to operate in the state and appointed a receiver to oversee their dissolution.


The judge found that Trump and his associates had fabricated valuations and inflated Trump's net worth for their business interests. He particularly criticized Trump for exaggerating the size and value of his penthouse apartment in Manhattan's Trump Tower and Mar-a-Lago estate in Florida. The judge described these actions as fraudulent.


This ruling may have implications for Trump's business operations and his pursuit of the Republican presidential nomination for 2024. Trump and his legal team plan to appeal the decision.


Additionally, the ruling came after a lawsuit filed by New York Attorney General Letitia James in September 2022, accusing Trump and his children of lying about asset values and net worth for a decade to deceive banks and insurers. The judge cited "conclusive evidence" that Trump had overstated his net worth by hundreds of millions to billions of dollars.


This development adds to a series of legal challenges and investigations that Trump has faced in recent years, including charges related to his 2020 election defeat, classified materials, hush money payments, and defamation.

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