Judicial blow to the Trump Family: ‘He defrauded many people for years’

A US court ruled that former US President Donald Trump defrauded many people and institutions during the years he built his real estate empire.

The civil lawsuit filed by New York Attorney General Letitia James concluded that the former president and his “Trump Organization” defrauded banks, insurers and others by overvaluing his assets and exaggerating his net worth in financial agreements and documents.

THEIR CHILDREN ARE ALSO ACCUSED

In his 35-page decision, Judge Arthur Engoron stated that Trump, the company and its executives obtained favorable loans and low insurance premiums by constantly lying about their annual financial condition. Engoron ordered that some of Trump’s business licenses be canceled to make it more difficult for him to do business in New York, and that the company’s operations would be audited by an independent observer.

Trump family

In the indictment alleging that Trump exaggerated the wealth of his three oldest children and his company by $3.6 billion, the attorney general asked the judge to prohibit Trump and his children from ever establishing a company in New York and purchasing commercial real estate. for five years. , as well as 250 million dollars and demands a fine.

TRUMP: BECAUSE I DID MY JOB EXCELLENT…

After the court decision was announced, Trump sharply criticized the court, saying, “They are taking away my civil rights.” Calling the fraud allegation against him “nonsense,” the former president said on his own social media platform Truth Social: “Today is a very sad day for New York justice. “They let criminals walk on the sidewalk while they judge me for doing my job perfectly,” he said.

Trump argued that this decision would cause thousands of companies to flee New York.

Attorney General Letitia James had already sued Trump for using his own charity for political and business interests. Former US President Trump, found guilty, was sentenced to pay $2 million to various charities as a fine and the Trump Foundation was closed.

Trump, who is under judicial process due to a series of accusations, surrendered to the Fulton County prison in Atlanta and was released on bail last month due to the case in Georgia accused of interfering with the election results. 2020. Trump became the first former US president to receive a mug shot. (AGENCIES)