WGXC-90.7 FM
Judge rules Trump committed fraud by inflating property valuations
Alison Durkee reports in Forbes that Judge Arthur Engoron ruled on Sept. 26 that former President Donald Trump and his company committed fraud in New York by overstating the value of their assets. The ruling from the judge came in the lawsuit Attorney General Letitia James brought against the former president, which starts Oct. 2. James’ office had argued Engoron should rule on this issue now because “no trial is required” to find Trump liable. The judge ruled that the documents uncovered in the case “clearly contain fraudulent valuations that defendants used in business.” Engoron did not believe Trump's lawyers arguments, such as that measuring square footage is a “subjective process.” Engoron canceled several of Trump’s business certificates and ordered the dissolution of Trump-related LLCs, and also sanctioned several of Trump’s attorneys $7,500 for making arguments the court had repeatedly tossed out. Trump’s attorneys said on Sept. 26 that “While the full impact of the decision remains unclear, what is clear is that President Trump will seek all available appellate remedies to rectify this miscarriage of justice.” Read more about this story in Forbes.