Judge Arthur Engoron and Trump's legal team have butt heads over defense arguments about the worth of Trump's properties.
The ruling, made in relation to a $250 million civil case originally brought forward by New York Attorney General Letitia James' office, has been described by some as a"corporate death penalty" due to business licenses being ordered to be rescinded and handed over to independent receivers.
Engoron's order included $7,500 fines for each of Trump's lawyers for their continued arguments in defense of their client, including one that the square footage of an apartment could be subjective.The fines, which were reportedly greater than James had requested, followed efforts by Trump's legal team to move the case to another judge. They also sued Engoron.
"Trump's lawyers need to get a backbone fast as following the Trump legal strategy keeps getting them personally damaged," Lieb said."We've previously seen criminal charges against Trump's attorneys. There have been disbarments and don't forget about the many civil cases.Former U.S. President Donald Trump at a rally on September 20, 2023, in Maquoketa, Iowa.
"Many of the assets that he owns, he has limited to no basis in them like 40 Wall Street, $1 million basis. You also have, say, a $100 million mortgage onto it," Cohen said."He's also going to have to pay Uncle Sam tax on the money between the basis and the sale price.
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Arthur Engoron is the judge weighing the future of Trump's empireHe’s driven a taxi cab, played in a band and protested the Vietnam War. As a New York City judge, Arthur Engoron has resolved hundreds of disputes, deciding everything from zoning and free speech issues to a custody fight over a dog named “Stevie.”
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Donald Trump's civil trial stemming from New York AG Letitia James begins MondayPresiding Judge Arthur Engoron rejected former President Donald Trump’s request to delay a civil trial last week. James sued Trump, his children and the Trump Organization, alleging that Trump 'inflated his net worth by billions of dollars' and said his children helped him to do so.
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Attacked by Trump, New York judge to weigh ex-president's fraud caseLast week, Donald Trump, the Republican frontrunner in the 2024 race for the White House, called a once obscure New York judge 'DERANGED' and a 'Highly Politicized Democrat' who 'hated everything about me at a level that I have never seen before.'
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New York Judge ruled Donald Trump committed fraudA New York Judge ruled that Donald Trump repeatedly committed fraud and lied about his net worth for years, saying Trump’s financial statements were “based in a fantasy world.” The decision comes as a part of New York Attorney General Letitia James’ $250m lawsuit against Trump and his company.
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Trump attacks judge, N.Y. attorney general ahead of pivotal civil caseFormer President Donald Trump is attacking the judge and New York attorney general involved in the civil trial against his business that is set to begin Monday and could last months.
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