"Trump's Empire: The Verdict and Reckoning"

1 min read
Source: CNN
"Trump's Empire: The Verdict and Reckoning"
Photo: CNN
TL;DR Summary

A New York state judge, Arthur Engoron, is set to rule on the future of Donald Trump's business empire following a civil lawsuit from New York Attorney General Letitia James seeking $370 million for fraud. The lawsuit alleges that Trump filed fraudulent financial statements to obtain loans and insurance at more favorable rates. Engoron has already ruled that Trump engaged in fraud and ordered the dissolution of his business empire, with a decision on the amount owed and Trump's ability to do business in the state expected by January 31. The trial involves accusations of fraud related to Trump's properties and assets, and the judge has been openly critical of Trump throughout the proceedings.

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