A New York judge has ruled Donald Trump committed fraud for years by deceiving banks and insurers in overvaluing his assets and exaggerating his net worth. https://twitter.com/nytimes/status/1706781941427589233 From the New York Times:
The New York attorney general won a major victory in her civil case against Donald J. Trump on Tuesday when a New York judge determined that the former president fraudulently inflated the value of his assets to obtain favorable loans and insurance deals.
The decision by Justice Arthur F. Engoron precedes a trial that is scheduled to begin Monday, and will considerably smooth Attorney General Letitia James’s path forward as she seeks a penalty of about $250 million.
Justice Engoron’s decision narrows the issues that will be heard, effectively deciding that the trial was not necessary to find that Mr. Trump was liable and that the core of Ms. James’s case was valid.
It represents a major blow to Mr. Trump, whose lawyers had sought to persuade the judge to throw out many of the claims against the former president.
Read more at the New York Times. https://twitter.com/AndrewFeinberg/status/1706767627723681850
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