New York – A New York judge has ruled that former President Donald Trump and two of his children provided false financial information for years and are therefore liable for fraud, triggering a civil trial set to begin next week. In this state.
The New York state prosecutor, Letitia James, who filed the complaint against the former president and his sons Donald Trump Jr and Eric Trump, vice presidents of the Trump Organization, demands a fine of 250 million dollars and a ban on the three from directing any company.
James accuses the Republican billionaire and his children of having “inflated” their assets by billions of dollars to obtain advantageous bank loans or reduce their taxes from 2011 to 2021.
According to Judge Arthur Engoron’s ruling, Trump lied to banks and insurers by both overvaluing and undervaluing his assets when it benefited him, and at the same time exaggerated his net worth by billions of dollars.
In the ruling, Engoron noted that Trump exaggerated the size of his New York apartment to inflate its value.
“A discrepancy of this order by a real estate developer can only be considered fraud,” the judge wrote, according to NBC News.
Trump denied having committed any crime and insisted that this trial is part of the “witch hunt” against him.
Cases
The former president, who aspires to re-election in 2024 and is the favorite within his Republican Party, also faces a series of criminal cases.
On March 4, the trial against him for the assault on the Capitol on January 6, 2021, when hundreds of his supporters tried to prevent the certification of votes from the 2020 election that current President Joe Biden had won, will begin.
Trump is also accused of trying to alter the results of the 2020 elections in the state of Georgia, of mishandling confidential documents and is accused in a fraud case in New York, related to alleged hush money payments to the star. porn Stormy Daniels, with whom he had an extramarital relationship.
In December of last year, a New York court found two Trump Organization companies guilty of fraud and tax evasion.
The jury found the companies Trump Corp. and Trump Payroll Corp. guilty of “all charges” they faced.
Both firms were charged with multiple counts of tax fraud and falsifying business records in connection with a scheme that for 15 years failed to report or pay taxes on the compensation of its top executives.
Source: Ambito
