Published 3 months 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.

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Times of India

Judge leaves Donald Trump's asset sales up in the air after fraud ruling

A New York judge's decision to find Donald Trump liable for fraud has raised questions about whether the former president will have to sell his real estate assets. Justice Arthur Engoron's ruling could potentially force Trump to give up control of properties such as Trump Tower and his golf courses.

2 months ago·India

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BBC News

Donald Trump liable for business fraud, says judge in New York civil case

The former president was accused of overvaluing his net worth by as much as $ 2.2bn.

3 months ago·United Kingdom

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News18 India

Trump, Sons Committed Fraud, Inflated Value of Assets, New York Judge Rules

The former president Donald Trump and his two eldest sons were accused of lying to tax collectors, lenders and insurers for years.

3 months ago·India

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The Guardian

Trump’s business empire could collapse ‘like falling dominoes’ after ruling

Trump is effectively ‘out of business’ in New York, Michael Cohen says, after judge rules business fortune built on rampant fraud

2 months ago·London, United Kingdom

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The Hindu

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

: Judge Engoron rules Trump committed fraud in building his real estate empire, deceiving banks, insurers and others by overvaluing assets and exaggerating net worth. Decision repudiates Trump's image as wealthy, shrewd mogul, with rewards such as favourable loan terms and lower premiums.

3 months ago·India

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CTV News

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

A judge's ruling that Donald Trump committed fraud as he built his real-estate empire tarnishes the former U.S. 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.

2 months ago·Canada

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