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

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.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: NBCPhiladelphia - 🏆 569. / 51 Lire la suite »

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.
La source: CBSNews - 🏆 87. / 68 Lire la suite »

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.
La source: AP - 🏆 728. / 51 Lire la suite »