Published 1 year ago • loading... • Updated 1 year ago

Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

Judge Arthur Engoron ruled that Donald Trump committed fraud and ordered his companies to be removed from his control and dissolved.
Engoron's ruling is a significant blow to Trump's image as a wealthy real estate mogul turned political powerhouse. By overvaluing his assets and exaggerating his net worth, Trump deceived banks, insurers, and others.
The ruling found that Trump inflated the value of his assets, including Mar-a-Lago, by as much as 2,300% and lied about the size of his Manhattan apartment. Limited liability companies controlling Trump's key properties will be dissolved and put under receiver authority.

Insights by Ground AI

Does this summary seem wrong?

399 Articles

All

Left

Center

128

Right

The Dallas Express News

NY Judge Rules Trump's Business Defrauded Banks

A New York District Judge ruled on Tuesday that former President Donald Trump committed fraud by overvaluing his assets to his investors.

1 year ago

Read Full Article

WTVB

Explainer-What does New York fraud ruling mean for Donald Trump’s business empire?

By Jack Queen (Reuters) - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. president as punishment for his “repeated and persistent fraud” over their valuations. Here's a look at the ruling and its implications for Trump, the frontrunner for the 2024 Republican presidential nomination. WHAT DOES THE RULING SAY? Democratic New York Attorney General L…

1 year ago

Read Full Article

The Economist

Donald Trump is found liable for fraud in his real-estate dealings

Eventually, that could cost him his business

1 year ago·London, United Kingdom

Read Full Article

Raw Story

New York ramps up court security after Trump found liable for fraud

New York has escalated its security for the state court system following a judgment this week that former President Donald Trump and his adult sons are liable for fraud over their business' property valuations, reported court journalist Frank Runyeon."Court officers have been on a heightened state of readiness and officers have been cautioned to remain alert and vigilant both inside courthouses and while on perimeter patrols," a spokesperson sai…

1 year ago·United States

Read Full Article

WCBD

A judge found Trump committed fraud in building his real-estate empire. Here’s what happens next

WASHINGTON (AP) — A judge's ruling that Donald Trump committed fraud as he built his real-estate empire tarnishes the former president's image as a business titan and could strip him of his authority to make major decisions about the future of his marquee properties in his home state. The Tuesday order rescinds business licenses as punishment, which could make it difficult or impossible for some of Trump’s companies to operate in New York if not…

1 year ago·Charleston, United States

Read Full Article