Donald Trump committed fraud for years while he was building his businesses, according to Judge Arthur Engoron in regards to a civil lawsuit brought by New York Attorney General Letitia James, the Associated Press reported.
The ruling found that Trump and The Trump Organization deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork to secure financial deals.
From the AP:
Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee the Trump Organization’s operations.
Trump has long insisted he did nothing wrong. His son, Eric, railed against the decision Tuesday in a post on X, formerly known as Twitter, calling it “an attempt to destroy my father and kick him out of New York.”
“Today, I lost all faith in the New York legal system,” said Eric Trump, an executive in his father’s company and a defendant in the lawsuit. “Never before have I seen such hatred toward one person by a judge — a coordinated effort with the Attorney General to destroy a man’s life, company and accomplishments.”
Read the full report over at the Associated Press.
Image via Shutterstock