US EditionJudge 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.
399 Articles
399 Articles
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…
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…
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…
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…
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