"Trump Found Guilty of Fraud by New York Judge"

1 min read
Source: CNN
"Trump Found Guilty of Fraud by New York Judge"
Photo: CNN
TL;DR Summary

A New York judge has ruled that Donald Trump and his adult sons are liable for fraud, stating that they provided false financial statements for approximately a decade. The judge granted the motion for summary judgment filed by the New York attorney general's office, finding the Trumps guilty of persistent violations of New York state law. The ruling is a blow to Trump, who argued against inflating the values of his properties. The attorney general seeks $250 million in damages, a ban on the Trumps serving as officers of a business in New York, and a five-year prohibition on business transactions. The case will proceed to trial to determine disgorgement and liability for insurance fraud and false business records.

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