Judge Arthur Engoron finds that Trump and his associates exaggerated the former president's net worth in order to complete deals and receive more financing.
Former President Donald Trump speaks to a crowd during a campaign rally on Sept. 25, 2023 in Summerville, S.C.Former President Donald Trump speaks to a crowd during a campaign rally on Sept. 25, 2023 in Summerville, S.C.A judge in New York has ordered that former President Donald Trump, his eldest sons and his business associates committed fraud.by New York's Democratic Attorney General Letitia James.
After a three-year investigation, James filed this lawsuit last September claiming Trump and his executive team engaged in fraudulent business practices including inflating the value of Trump's business and the market value of his real estate holdings in New York state and in Florida.Engoron agreed that Trump and his associates exaggerated the former president's net worth in order to complete deals and receive more financing.
As part of his decision, Engoron ordered the business licenses of the defendants to be canceled in New York — making it potentially difficult for them to continue working in the state. He also ordered the continuation of an independent monitor to oversee the Trump Organization.
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