Donald Trump's lawyers ask judge to clarify fraud ruling’s impact on ex-president's business

  • 📰 AP
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Does a judge’s fraud finding spell the end of Donald Trump’s real estate empire? The former president certainly seems to think so.

Trump’s lawyers said they would appeal Engoron’s decision. In a post Wednesday on his Truth Social platform, Trump said: “I have a Deranged, Trump Hating Judge, who RAILROADED this FAKE CASE through a NYS Court at a speed never before seen.”

“Is it the court’s position that those assets are now going to be sold or just going to be managed under the direction of the ?” Kise asked. Kise also raised concerns about the scope of the ruling, noting that some limited liability corporations controlled by Trump and other defendants were used to purchase private homes, not skyscrapers or other commercial properties.

After the hearing, Kise said he was confident they would get answers eventually, once Engoron appoints a receiver and they start to discuss the parameters of the ruling. Kise raised the possibility of canceling the trial altogether since Engoron had already ruled on the biggest issue, asking: “What’s the point?”

Among the findings in Engoron’s decision Tuesday was that Trump lied about the size of his Manhattan apartment, claiming his three-story Trump Tower penthouse was nearly three times its actual size and valuing it at $327 million.

 

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:

 /  🏆 728. in US

United States United States Latest News, United States United States Headlines

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

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 »