'Damaging' fraud ruling could spell the end of Donald Trump's New York business empire

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Judge's ruling could strip Donald Trump of his authority to make strategic and financial decisions over some of his key properties in the state.

According to Engoron's ruling, Trump and his company overstated the valuations of many properties by hundreds of millions of dollars. For instance, the Palm Beach Assessor valued Trump's Mar-a-Lago club as little as $18 million between 2011 and 2021 — a valuation that his local property taxes were based on. During those years, however, Trump valued the same property as high as $714 million on his annual statements of financial conditions.

Engoron huddled with his law clerk Allison Greenfield, whispering for several minutes, before replying that he doesn't yet have an answer."But we will take that up in various contexts, I'm sure," Engoron said. "Which of the entities are actually covered here? You have New York entities that own just a house, like a townhouse or something, like Eric's or Don Jr.'s residence," Kise said, referring to Trump's sons, Donald Trump, Jr. and Eric Trump.

Business certificates, once approved by a state, legally authorize an entity to do business within that state, Cintron noted.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 87. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: CBSNews - 🏆 87. / 68 Baca lebih lajut »