2In a scathing decision, Judge Arthur Engoron of New York found Donald Trump liable for fraud on Wednesday, citing evidence that the former US president had repeatedly committed fraud over a decade by overvaluing his assets and net worth to obtain better terms on loans and insurance. The judge’s ruling could force Trump to give up control of his prized real estate properties, including Manhattan’s Trump Tower, golf courses, and his family estate in a Manhattan suburb. Trump’s lawyer, Christopher Kise, questioned the judge during a hearing on Wednesday, asking if the court intended to force Trump to sell his businesses or simply manage them under a monitor. Judge Engoron responded that he was not prepared to issue a ruling on the matter.
The hearing was surprisingly subdued, given the criticism leveled by Trump, Kise, and other supporters of the defendants against Judge Engoron and his decision. Judge Engoron’s ruling comes after he appointed an independent monitor for the Trump Organization last year. The independent monitor is tasked with overseeing the Trump Organization’s financial transactions and ensuring that they comply with state laws and regulations.
Trump’s businesses, including Trump Tower and 40 Wall Street, could be impacted by the ruling. Judge Engoron’s decision could force Trump to give up control of these properties, which could have a significant impact on his business empire. The Trump Organization’s assets include not only commercial properties but also golf courses and a family estate in a Manhattan suburb.
Donald Trump (Via Donald Trump/Twitter)
Trump has denied committing fraud and called Judge Engoron “DERANGED.” He also sued the judge this month, accusing him of ignoring a June appeals court ruling that required gutting Attorney General Letitia James’ case because many of her claims were too old. The civil case is unrelated to the four criminal indictments that Trump faces, including for trying to overturn the 2020 presidential election. A state appeals court is expected to rule this week on Trump’s bid to delay the trial.
The decision by Judge Engoron could have significant implications for Trump’s business empire and his political future. Trump’s lead in the 2024 Republican presidential nomination has been commanding, but the fraud allegations could tarnish his reputation and undermine his campaign.
