"Trump's Fraud Liability Confirmed in New York Civil Case"

1 min read
Source: Reuters
"Trump's Fraud Liability Confirmed in New York Civil Case"
Photo: Reuters
TL;DR Summary

Former U.S. President Donald Trump and his family business have been found liable for fraud by a New York judge in a civil lawsuit brought by the state Attorney General Letitia James. The lawsuit accuses Trump of inflating his assets and net worth to obtain better terms on bank loans and insurance. The judge ruled that James had established liability for false valuations of properties, including Mar-a-Lago and Trump Tower, and criticized Trump for offering baseless defenses. A trial is scheduled for October 2nd.

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