News Formal

Judge revokes Trump’s NY business licenses, finds he committed fraud by inflating wealth

  • 📰 nypost
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Manhattan Supreme Court Justice Arthur Engoron found Trump, 77, his family and Trump Organization business liable for fraud — the key claim in New York AG Letitia James’ sprawling lawsuit aga…

A Manhattan judge on Tuesday found Donald Trump committed fraud by exaggerating the value of his wealth — and canceled the former president’s New York business licenses, which could hamper his longtime company’s ability to operate in the Empire State.

“A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote. Justice Engoron found Trump liable for fraudulently inflating the value of his assets, including his triplex at Trump Tower.It means Trump could be stripped of control over some of his namesake properties – including Trump Tower in Midtown.“Today’s outrageous decision is completely disconnected from the facts and governing law,” Christopher Kise, a lawyer for Trump, said in a statement.

A non-jury trial is set to start Oct. 2 for Engoron to hear arguments on the other claims in the suit, before deciding on those allegations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Trump and company liable for fraud in New York lawsuit, judge rulesA judge on Tuesday ruled that former President Donald Trump and his company are liable for fraud in a lawsuit by the New York Attorney General’s Office. This is breaking news. Please check back for updates.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Donald Trump and his company 'repeatedly' violated fraud law, New York judge rules'The documents here clearly contain fraudulent valuations that defendants used in business,' Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
Source: CBSNews - 🏆 87. / 68 Read more »

Business Highlights: Biden makes historic picket-line visit; Trump fraud lasted years, judge rulesBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »