A New York judge on Tuesday found Donald Trump and two of his children, Donald Trump Jr and Eric Trump, responsible for "repeated" financial "fraud" in the 2010s in the valuation of the assets of the Trump Organization, even before the opening Monday of the civil trial in this case.
In this case, the Attorney General of the State of New York, Letitia James, who had filed a complaint, claims $ 250 million in financial reparations and bans from running companies for the former president and his relatives.
Trump allegedly 'inflated' the group's assets to get better loans
In his decision, Judge Arthur Engoron believes that Donald Trump, who dreams of reconquering the White House in 2024, and his two children, executive vice-presidents of the Trump Organization, are "responsible" for "repeated violations" of the law.
He adds that the documents submitted by the attorney general "clearly" show "fraudulent valuations" by Donald Trump for assets of the group, a myriad of companies that range from residential real estate to luxury hotels to golf clubs.
The attorney general of the State of New York accuses the Republican billionaire and his children of having "inflated" this wealth of billions of dollars to obtain among other things more advantageous loans from banks from 2011 to 2021.
