The court found Donald Trump guilty of fraud, - media
Date: 2023-09-27 Author: Кирило Загоруйко Categories: WORLD
On Tuesday, September 26, a court ruled that previous US President Donald Trump engaged in years of fraud as he built the real estate empire that catapulted him to fame and the White House.
The Associated Press writes about this. It is noted that Judge Arthur Engoron, considering a civil suit filed by the New York Attorney General, found that the former president and his firm misled banks, insurance companies and others by significantly overvaluing his assets and exaggerating his net worth on the papers that were used. to conclude deals and secure financing.
The decision came days before a non-jury trial was set to begin in a lawsuit filed by Attorney General Letitia James.
"Beyond simply bragging about his wealth, Trump, his company and key executives repeatedly lied about income in their annual financial statements while reaping benefits such as favorable loan terms and lower insurance premiums, Engoron found. This violated the law, the judge said, rejecting "Trump's assertion that the disclaimer in the financial statements absolves him from any wrongdoing," the report said.
Manhattan prosecutors considered filing criminal charges against Trump but declined to do so, forcing Attorney General Letitia James to sue Trump and seek penalties that could prevent him and his family from doing business in the state.
Judge Engoron is now expected to hold a non-jury trial starting Oct. 2 before deciding on the rest of the prosecutor's claims and any penalties he may impose.
"James is seeking a $250 million fine and a ban on Trump doing business in New York, his home state. The trial could last until December, Engoron said. Trump's lawyers asked the judge to dismiss the case, but he refused. They argue the prosecutor had no right file a lawsuit because there is no evidence that the public was harmed by Trump's actions. They also argued that many of the allegations in the lawsuit were limited by the statute of limitations," the journalists emphasized.
