Judge Arthur Engoron’s ruling resolves the key claim in Attorney General Letitia James’ lawsuit, but six others remain. James is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state.
By Michael R. Sisak, The Associated PresNEW YORK — A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
FILE - Former President Donald Trump pauses before ending his remarks at a rally in Summerville, South Carolina, Sept. 25, 2023. The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.
Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state. Engoron, noting that he had “emphatically rejected” those arguments earlier in the case, equated them to the “time-loop in the film ‘Groundhog Day.’”
Trump valued Mar-a-Lago as high as $739 million — more than 10 times a more reasonable estimate of its worth. Trump’s figure for the private club and residence was based on the idea that the property could be developed for residential use, but deed terms prohibit that, James said.
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Judge rules Donald Trump defrauded banks, insurers as he built real estate empireA judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
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Judge rules Donald Trump defrauded banks, insurers as he built real estate empireA judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
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