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.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.
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.
In response to the ruling, Trump's son Eric — a Trump Organization executive and defendant in the lawsuit — calledand said it was an attempt"to destroy my father and kick him out of New York." Though Judge Engoron ruled on some of the major elements of James' suit against Trump and his associates, there remain six other claims that will be argued at trial.James is still seeking roughly $250 million in penalties.
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New York judge rules Trump committed fraud and lied about his net worth for yearsThe judge, Arthur Engoron, also denied Trump's bid to dismiss the New York attorney general's $250 million lawsuit against him and his company.
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