Trump Takes a Huge Hit: Summary Judgment in NY Fraud Case
Donald Trump and his company "repeatedly" violated state fraud law, a New York judge ruled Tuesday.
In a summary judgment requested by New York Attorney General Letitia James in her $250 million civil lawsuit, which is scheduled to go to trial on Oct. 2., Judge Arthur Engoron agreed in his ruling with James' office that it is beyond dispute that Trump and his company provided banks with financial statements that misrepresented his wealth by as much as $3.6 billion.
"The documents here clearly contain fraudulent valuations that defendants used in business," Engoron wrote in his ruling.
He then suspended the defendants' New York business certificates canceled, dissolving their LLCs.
AG James' office sued Trump, his sons Donald Jr. and Eric, and the Trump Organization accusing them of extensive fraud over more than a decade while seeking loans from banks.
In addition to $250 million in fines, her office is seeking several sanctions that would severely hamper the company's ability to do business in New York.
EXCELLENT!
Such a great businessman, the ex-President. This decision won't move the needle on the Cult, but it's great to see some forking consequences for their god-king, at last.