New York Judge Rules Trump Committed Fraud and Strips Control of Key Properties

[Devin]

In a significant development on September 26, 2023, a New York judge, Justice Arthur F. Engoron, delivered a ruling that found former President Donald J. Trump guilty of persistent fraud. The ruling stems from allegations that Trump inflated the value of his assets, leading to favorable terms on loans and insurance deals. Consequently, the judge stripped Trump of control over some of his prominent New York properties.

This decision marks a substantial victory for Attorney General Letitia James, who had been pursuing a lawsuit against Trump. The ruling essentially negated the need for a trial to establish that Trump had fraudulently manipulated asset valuations, with estimates suggesting the inflation could be as high as $2.2 billion. Attorney General James is seeking a penalty of around $250 million in a trial set to commence shortly.

Justice Engoron's ruling emphasized that the financial statements Trump submitted to banks and insurance companies contained clear fraudulent valuations. While Trump's lawyer, Christopher M. Kise, expressed outrage at the decision and indicated plans to appeal, the judge's ruling already dealt a significant blow by canceling business certificates for some of Trump's New York properties. This move could have far-reaching consequences for the Trump family business.

The ruling has the potential to impact the control of key properties, including 40 Wall Street in Lower Manhattan and a family estate in Westchester County. Additionally, it may affect Trump Tower in Midtown Manhattan and his golf club in Westchester. However, it's worth noting that the decision does not dissolve Trump's entire business empire, which consists of numerous entities.

This development has ignited discussions about the implications of the ruling for Trump's businesses and political career. It also raises questions about the broader significance of this case in light of other investigations involving the former president. While the trial will determine the size of the penalty, Justice Engoron's decision has already had a substantial impact on Trump's business operations in New York.

Now, what are your thoughts on this news? How do you perceive the judge's decision and its potential consequences for Donald Trump and his business empire? Let's dive into a discussion about this significant development in the world of politics and business.

 

[oldbuddy]

I think it's a shame that after years of devoted service to our country such politically motivated attacks are allowed to take place. It all comes down to the Democrats manipulating the system to seize power to overthrow control of our country with financial pressure on both fronts as depicted in the YouTube video by Bryan Lewis

 

[Webster]

In a significant development on September 26, 2023, a New York judge, Justice Arthur F. Engoron, delivered a ruling that found former President Donald J. Trump guilty of persistent fraud. The ruling stems from allegations that Trump inflated the value of his assets, leading to favorable terms on loans and insurance deals. Consequently, the judge stripped Trump of control over some of his prominent New York properties.

This decision marks a substantial victory for Attorney General Letitia James, who had been pursuing a lawsuit against Trump. The ruling essentially negated the need for a trial to establish that Trump had fraudulently manipulated asset valuations, with estimates suggesting the inflation could be as high as $2.2 billion. Attorney General James is seeking a penalty of around $250 million in a trial set to commence shortly.

Justice Engoron's ruling emphasized that the financial statements Trump submitted to banks and insurance companies contained clear fraudulent valuations. While Trump's lawyer, Christopher M. Kise, expressed outrage at the decision and indicated plans to appeal, the judge's ruling already dealt a significant blow by canceling business certificates for some of Trump's New York properties. This move could have far-reaching consequences for the Trump family business.

The ruling has the potential to impact the control of key properties, including 40 Wall Street in Lower Manhattan and a family estate in Westchester County. Additionally, it may affect Trump Tower in Midtown Manhattan and his golf club in Westchester. However, it's worth noting that the decision does not dissolve Trump's entire business empire, which consists of numerous entities.

This development has ignited discussions about the implications of the ruling for Trump's businesses and political career. It also raises questions about the broader significance of this case in light of other investigations involving the former president. While the trial will determine the size of the penalty, Justice Engoron's decision has already had a substantial impact on Trump's business operations in New York.

Now, what are your thoughts on this news? How do you perceive the judge's decision and its potential consequences for Donald Trump and his business empire? Let's dive into a discussion about this significant development in the world of politics and business.

Finally, some judge holds the Orange Haired Schmuck to account for past actions.