Judge Arthur Engoron, in a 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, Associated Pravda reports.
Andrew Feinberg, a correspondent for The Independent, believes the ruling calls for the dissolution of the Trump Organization.
“NEW: If I am reading this right, Judge Engoron has found that Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization.”
NEW: If I am reading this right, Judge Engoron has found that Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization. pic.twitter.com/k2nRcK3L37
— Andrew Feinberg (@AndrewFeinberg) September 26, 2023
The judge said those tactics crossed a line and violated the law, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.
Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so. So James, who ran on getting Trump, sued Trump. She seeks enormous fines and penalties that could disrupt his and his family’s ability to do business in the state.
She wants to prevent the family from doing business for years.
Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but six others remain.
How could banks and insurers be defrauded? Don’t they do their own assessments?
Greg Kelly reviewed this charge in James’s civil lawsuit. He called out her incompetence in pricing buildings. Watch:
BREAKING: Outraged Eric Trump (@EricTrump) condemns New York ruling, writes, "In an attempt to destroy my father and kick him out of New York, a Judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate “$18 Million dollars”… Mar-a-Lago is speculated to… pic.twitter.com/Cc295kEGIE
— Simon Ateba (@simonateba) September 26, 2023
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This on the same day Comer said he has evidence some money was wired from China directly to JOE BIDEN not just to Hunter or other people.
The timing is not a coincidence.
This all coming from a judge that has never worked a day in their pathetic existence.
Let us review the timeline of the offending events, when fraud complaints were filed and by whom, the statute of limitations in New York, and the statute of repose in New York. With my layman understanding, the Judge’s ruling is no more than his opinion and cannot cause an enforceable action as suggested in this article.
They just want the realestate to house illegals in.
This New York judge and prosecutor should both be disbarred. The Trump family’s net wealth has absolutely no bearing on any real estate deal. If these communists succeed in driving the Trump family out of New York, after all they have done for the state, it will be New York’s loss and not that of the Trump family. To hell with these New York Democrats.