Arthur Engoron specified in his ruling that the former US president made false statements about real estate assets to insurers and banks. According to the New York Prosecutor’s Office, he inflated his personal net worth to financial institutions by US$3.6 billion.
Tuesday, September 26, 2023
A New York judge declared this Tuesday Donald Trump and two of his sons, Donald Trump Jr and Eric Trump, responsible for “continued” financial “fraud” in the 2010s in the evaluation of the assets of the family business Trump Organization, before the start of the civil trial in this case the next week.
Judge Arthur Engoron of the New York state court in Manhattan thus responded to the request of the state prosecutor, Letitia James, who asked at the end of August to declare those involved in the plot responsible, among whom are the two sons. of the magnate, Donald Trump Jr and Eric, as well as the former financial director of the Trump Organization Allen Weisselberg.
Specifically, Engoron stated in its ruling that Trump made false statements about real estate assets to insurers and banks. According to the New York Prosecutor’s Office, Trump inflated his personal net worth to financial institutions by $3.6 billion.
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The judge canceled all of the defendants’ business in New York, while He also gave a period of ten days for those involved to communicate at least three potential “independent” companies that could handle the dissolution.
He also denied a request from Trump to delay the trial, which is finally expected to begin on Monday, and has fined his lawyers $7,500 for this reason, according to the US network NBC News.
The origin of the lawsuit dates back to March 2019, when the testimony before the United States Congress of the former lawyer of the Trump Organization, Michael Cohen raised questions about the company’s “potentially fraudulent financial status.”
Prosecutor Letitia James, who filed the complaint, demands a fine of 250 million dollars.
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2023-09-26 21:48:02
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