A New York judge ruled on Tuesday that Donald J. Trump persistently committed fraud by inflating the value of his assets, and stripped the former president of control over some of his signature New York properties.
The decision by Justice Arthur F. Engoron is a major victory for Attorney General Letitia James in her lawsuit against Mr. Trump, effectively deciding that no trial was needed to determine that he had fraudulently secured favorable terms on loans and insurance deals.
The decision will not dissolve Mr. Trump’s entire company, but it sought to terminate his control over a flagship commercial property at 40 Wall Street in Lower Manhattan and a family estate in Westchester County. Mr. Trump might also including Trump Tower in Midtown Manhattan, though that will likely be fought over in coming months. lose control over his other New York properties,
And the court decided he inflated the values to the bank. If the bank didn’t care, why should I?
This is a civil case. If it costs him money, not my problem. His shady business dealings are one reason I wanted DeSantis. Obviously that is not going to happen.
Nothing here or in any of the criminal cases contain anything that would lead me to,vote Biden or sit this one out.
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans.
Leticia James. Another “Get Trump” stooge of the Dimbulbcrats. Anyone who thinks Trump real estate endeavors are the exception to the rule are ■■■■■■■morons. Overvaluing, losses , tax breaks, all within the existing law. As a rich man once said: “you don’t like the laws we use to do business? Change the law.”
It’s why rich folks are rich and those who are not are sniveling whiners.
BTW, why hasn’t Leticia James looked into the business practices of Berkshire Hathaway or other NY real estate entrepreneurs?
Oh wait!