[Politics] Trump found liable in New York financial fraud lawsuit

[FRIDAY THE 13]

A New York judge has determined that Donald Trump committed fraud by falsely inflating his wealth and assets by billions of dollars, a partial conclusion to a sweeping lawsuit and a years-long investigation from the state’s attorney general taking aim at the former president’s business empire.

The ruling from Judge Arthur F Engoron on 26 September found that the former president and his company defrauded banks and insurers by grossly overvaluing assets and exaggerating his net worth on documents to secure deals and financing. 

 

The decision follows a $250m civil suit from New York Attorney General Letitia James, whose investigation targeted long-running fraud allegations surrounding Mr Trump’s business practices.

A decision arrived days before the start of a non-jury trial, but the partial judgment – a major victory for Ms James and state investigators – resolves key claims in her sweeping lawsuit, which the former president’s legal team has repeatedly tried to dismiss. 

 

Meanwhile, the former president will skip the second Republican primary debate on Wednesday and will instead travel to Michigan to speak to striking autoworkers.

 

https://www.the-independent.com/news/world/americas/us-politics/trump-buys-gun-45-glock-latest-b2418498.html