Trump committed fraud and deceived banks while growing his real estate empire: report



Donald Trump committed fraud, deceived banks, and inflated the value of his real estate holdings a judge said Tuesday, granting New York Attorney General Letitia James partial summary judgment in her civil case against the ex-president.

Manhattan Supreme Court Justice Arthur Engoron “has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House,” The Associated Press reports. Judge Engoron “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.”

“The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse,” The AP adds.

Attorney General James “is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state. The trial could last into December, Engoron has said.”

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from Alternet.org https://ift.tt/NpOMrYP
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