Judge Arthur Engoron ruled that Trump and his company overvalued his assets and exaggerating his net worth.
reported. It will also address the state of New York’s demand for $250 million in restitution.
The judge also ordered sanctions against Trump’s attorneys, fining each of them $7,500 for making arguments the Engoron had rejected, theEngoron ruled that Trump, his company and its key executives lied about Trump’s purported riches on his annual financial statements, thereported. The statements helped Trump and his company enjoy rewards such as favorable loan terms and lower insurance premiums, the judge said.
NEW: If I am reading this right, Judge Engoron has found that Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization.
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