Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

[FreeinChrist]

from AP

MSN

Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, 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 financing.​

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This is new this afternoon so there is more to understand about the decision. There are still things to be addressed in a non-jury trial starting Oct. 2.

 

[Say it aint so]

If I have said it once, I will say it again. Donald Trump, the country, and the world would have been off if he just stayed in NY and ran his frauds and cons from his namesake org now being found guilty of being a criminal org, to the fraud of his Trump Foundation and Trump University, to losing defamation suits, to the 91 indictments, and now to this. Something about that better watch what you ask for, because you just may get it.

 

[wing2000]

"Justice Engoron wrote that the documents in the case “clearly contain fraudulent valuations that defendants used in business.”

While the trial will determine the size of the penalty, Justice Engoron’s ruling granted one of the biggest punishments Ms. James sought: the cancellation of business certificates that allow some of Mr. Trump’s New York properties to operate, a move that could have major repercussions for the Trump family business."

....

Justice Engoron’s decision narrows the issues that will be heard at trial, deciding 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 claims against the former president.

In his order, Justice Engoron wrote scathingly about Mr. Trump’s defenses, saying that the former president and the other defendants, including his two adult sons and his company, ignored reality when it suited their business needs. “In defendants’ world,” he wrote, “rent-regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can evaporate into thin air.”

“That is a fantasy world, not the real world,” he added.

Judge Finds Trump Inflated Property Values, a Victory for New York A.G.

The decision strips former President Donald J. Trump of control over signature properties, and simplifies the path for Attorney General Letitia James, whose lawsuit accused him of overvaluing his holdings by as much as $2.2 billion.

www.nytimes.com

Welcome to reality.

 

[wing2000]

Donald J. Trump’s civil fraud trial over accusations that he inflated the value of his properties by billions of dollars will likely begin Monday after a New York appeals court rejected the former president’s attempt to delay it.

The appeals court, in a terse two-page order Thursday, effectively turned aside for now a lawsuit that Mr. Trump had filed against the trial judge, Arthur F. Engoron. The lawsuit had sought to delay the trial and ultimately throw out many accusations against the former president.

Appeals Court Rejects Trump’s Effort to Delay Trial in Fraud Case

Former President Donald J. Trump had sued the judge presiding over his case, Arthur F. Engoron, aiming to pause a trial that will likely begin as soon as Monday.

www.nytimes.com