Former President Donald Trump was found liable for defrauding banks, as a New York judge ruled that he and his company overvalued assets and his net worth as he sought financing. The ruling from Ne…
last year against Trump, his company and three of his children. She alleged a scheme over 10 years to engage in fraudulent practices that benefited the Trumps and the company to the tune of $250 million.
The summary judgment ruling came in advance of a trial in the case, scheduled to start next week. The judge will then decide on remaining claims. The judge also declined Trump attorneys’ motion to toss out the case. The judge sided with James’ contention that Trump and his company, as well as executives, exaggerated values on financial documents, allowing for better loan terms and other business benefits.More to come.
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