Judge: Trump Committed Fraud For Years While Building Real Estate Empire

committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found. Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but six others remain.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Judge rules Donald Trump defrauded banks, insurers as he built real estate empireNEW YORK (AP) — A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found 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 decision, days before the
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Toy maker Lego remains committed to finding sustainable materials despite failed recycle attemptThe company said it was ‘currently testing and developing Lego bricks made from a range of alternative sustainable materials’
Source: globeandmail - 🏆 5. / 92 Read more »