Donald Trump and his adult children are responsible for fraud by providing false financial information for about a decade and inflating the value of their assets to banks and insurance companies by up to $3.6 billion. This was stated by New York Judge Arthur Engoron, in agreement with Attorney General Letitia James, a few days before the start of the civil trial in the matter.
The decision, just days before the start of a non-jury trial ordered by Attorney General Letitia James, is the biggest blow to the image of a smart and successful entrepreneur that Trump built in the years before taking the White House.
Judge Engoron ordered the revocation of some of Trump’s business licenses as punishment, making it difficult or impossible for him and his adult children to do business in New York, after finding that he had defrauded banks and insurance companies by defrauding the value of his assets had been inflated. The judge himself announced that there would continue to be an independent person overseeing the Trump Organization’s operations.
Read the full article on ANSA.it