A judge has ruled that Donald Trump committed fraud, thereby jeopardizing the activities of the Trump organization in the State of New York.
Judge Arthur Engoron ruled in a civil lawsuit brought by New York’s attorney general that the former president and his company deceived banks, insurers and others by “massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing,” the AP reported.
The Independent’s White House correspondent Andrew Feinberg reported that the ruling may imply “Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization.”
NEW: If I am reading this right, Judge Engoron has found that Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization. pic.twitter.com/k2nRcK3L37
— Andrew Feinberg (@AndrewFeinberg) September 26, 2023
The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.
Beyond mere bragging about his riches, Trump, his company