A judge in the New York Attorney General's bank fraud case against Trump just deemed the former president and his heirs liable for 'persistent and repeated fraud.'
Former President Donald Trump, his top executives, and heirs were declared completely liable of “persistent and repeated fraud”—and the real estate empire was unceremoniously stripped of its business licenses in New York—after a judge’s powerful ruling Tuesday ahead of a massive trial that seeks to hit them with more than $250 million in penalties for bank fraud.
In his 35-page opinion, Justice Arthur F. Engoron tore apart what he called the Trump family’s “bogus arguments” and obstreperous conduct. And he summed up the entire defense as “a fantasy world, not the real world.” At a court hearing last week, lawyers on both sides tried to convince the judge to grant them each a total victory to avoid much of the trial. Engoron decided against that, rejecting the Trumps’ request to dismiss the case entirely and the AG’s request to have a trial solely on damages.
Engoron also made the pivotal decision to keep all of the AG’s lawsuit intact, concluding that all of the real estate deals in question are not too old for law enforcement to crack down on for bank fraud. He brushed off the Trumps’ attempt to whittle down the lawsuit ahead of a trial that could drain the wealthy family’s bank accounts.
“Even with a preliminary injunction place, and with an independent monitor over seeing their compliance, defendants, I continue to disseminate falls, and misleading information while conducting business,” he wrote.“This ongoing flouting of this court’s prior order, combined with the persistent nature of the false [statements of financial condition] year after year, have demonstrated the necessity of canceling the certificates,” he added.
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