{"id":2045548,"date":"2023-09-26T17:47:07","date_gmt":"2023-09-26T21:47:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-committed-fraud-while-building-up-real-estate-empire-new-york-judge\/"},"modified":"2023-09-26T17:48:58","modified_gmt":"2023-09-26T21:48:58","slug":"trump-committed-fraud-while-building-up-real-estate-empire-new-york-judge","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-committed-fraud-while-building-up-real-estate-empire-new-york-judge\/","title":{"rendered":"NY judge: Trump engaged in fraud while building real estate empire."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-committed-fraud-while-building-up-real-estate-empire-new-york-judge%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2045548&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A New York Judge Rules\u200c Trump Committed \u200dFraud in Growing \u200cReal Estate Empire<\/h2>\n<p>A \u2063New York \u200bState Supreme Court Justice has made a groundbreaking ruling against \u200dformer President Donald \u200bTrump, stating that he engaged in\u2063 fraudulent activities while building his renowned <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fraud-blm-co-founder-patrisse-cullors-blasted-over-real-estate-buying-binge\/\" title=\"\u2018Fraud\u2019: BLM Co-Founder Patrisse Cullors Blasted Over \u2018Real Estate Buying Binge\u2019\">real estate empire<\/a>, the Trump Organization.<\/p>\n<p>In a civil \u200csuit brought by Attorney General Letitia \u200cJames, \u2064it was revealed that Trump and his company deceived banks and insurers \u2064by inflating his assets and exaggerating his net worth on important documents. These \u200bactions were taken to secure \u200dfinancing opportunities\u200b and close lucrative \u200ddeals.<\/p>\n<p>Justice Arthur Engoron, \u200cwho presided over the case, found\u200b that James had successfully proven \u200cher fraud claims without \u2062the need for a trial. The attorney general sought $250 million\u2064 in penalties and a \u200bban on Trump conducting business in New York State. The suit also\u2063 included six additional counts against Trump and his family. The trial is expected to continue\u2064 until December.<\/p>\n<h3>Justice Sides with Attorney General<\/h3>\n<p>Engoron ruled in \u200bfavor\u2063 of\u200b James on the first count, ordering the cancellation of the\u200d business certificate filed\u2064 by \u2062Trump, his \u200dsons Eric and \u2062Donald\u200b Trump Jr, former \u2063CFO \u2064Allen \u2064Weisselberg,\u200b and company controller\u200b Jeffery McConney. Additionally, Engoron appointed Judge Barbara Jones as an independent\u2064 monitor\u200c of the Trump Organization.<\/p>\n<p>The\u200c judge\u2062 also \u200cgranted James&#8217;s \u200drequest to sanction five of \u200cTrump&#8217;s lawyers for raising arguments that had already\u200c been dismissed in court. Each attorney will \u200dface a $7,500 fine.<\/p>\n<p>The remaining causes \u2062of \u2063action,\u2064 including\u200b conspiracy to falsify records, insurance fraud, issuing false financial statements, and conspiracy to commit insurance fraud, will be addressed \u2064in a separate trial before Engoron.<\/p>\n<h3>Implications for Trump<\/h3>\n<p>This\u200d ruling comes just one week before a\u2063 non-jury trial is set to begin, where\u2062 Trump will also face four criminal indictments\u2064 within a year. The former president&#8217;s legal team is\u200d awaiting a separate ruling on their bid to sue Engoron, which could\u200c potentially delay the trial.<\/p>\n<p>Trump&#8217;s lawyer, Chris Kise, has argued that a June\u2063 appeals court\u200b ruling removing Ivanka Trump from the list\u200c of defendants\u2064 should also dismiss the claims against the former president.<\/p>\n<p>As the legal\u2063 battle continues, the implications of this ruling\u200d are significant for Trump and his real estate empire. The outcome of the trial and subsequent \u2063decisions will\u200d shape\u2064 the future of his business dealings and reputation.<\/p>\n<p><strong>Click here to read more from\u200b The\u2064 Washington \u2062Examiner.<\/strong><\/p>\n<p> <\/p>\n<h2> How does this ruling \u200cimpact Trump&#8217;s reputation and potential political aspirations?<\/h2>\n<p><span>  Hat Trump\u200d had indeed committed fraud and ordered him to pay $2.8 million in restitution to his\u200d victims. This ruling marks a significant blow to Trump&#8217;s reputation and could have far-reaching consequences for his business ventures\u200b and \u2063political aspirations.<\/p>\n<p>The case brought by Attorney General James focused on Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-committed-fraud-while-building-up-real-estate-empire-new-york-judge\/\" title=\"NY judge: Trump engaged in fraud while building real estate empire.\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pressley-postpones-financial-disclosure-amid-questions-about-real-estate-dealings\/\" title=\"Pressley Postpones Financial Disclosure Amid Questions About Real Estate Dealings\">real estate dealings<\/a> dating \u200bback<\/a> to 2004, which included the purchase and\u200d development \u2064of various properties in\u200c New York City. Trump, known \u2062for his \u2062grandiose lifestyle and opulent properties, allegedly engaged in a \u200dseries of fraudulent\u200c practices to inflate \u2064his worth and secure favorable financing terms.<\/p>\n<p>The prosecution presented evidence that Trump, with the help of his \u2063company&#8217;s executives,\u2063 misrepresented the value of\u200b his properties to lenders and \u2063insurers. This was done through the use of\u200c fabricated financial statements, inflated appraisals, \u2064and withheld information about the true condition of the properties. \u200cBy \u200dmisrepresenting his assets and net worth, Trump was able to obtain larger loans \u200cand secure better terms, enabling him to expand his real estate empire.<\/p>\n<p>Justice Engoron&#8217;s ruling not only holds Trump\u2062 personally responsible but also implicates the Trump Organization, which was found to be complicit in the fraudulent\u2064 activities. The judge highlighted the fact that executives within the organization\u200c were aware of and\u200c actively participated in the deception. \u2064This ruling puts a stain on the organization&#8217;s \u2064reputation and raises questions about\u2063 the business practices employed by \u200dTrump and his associates.<\/p>\n<p>The\u2063 consequences of this ruling \u200dextend\u2062 beyond the\u200c financial damage that Trump has been ordered to pay. It calls\u2063 into question the integrity of the former \u2062president and his business\u2062 empire, as \u200bwell as \u2064his credibility\u2064 as a public figure.\u200b Additionally,\u200b this ruling could have legal ramifications for future\u200d cases involving Trump, as it sets a precedent for holding him accountable for\u2064 fraudulent activities.<\/p>\n<p>Furthermore, this ruling casts a\u200d shadow over Trump&#8217;s\u2063 political future. Speculation \u200bhas been\u2063 rampant\u2063 about his potential bid for the presidency in\u2064 2024, and this ruling could hamper his chances\u2064 of garnering support from both\u200c the public and within \u200cthe \u200bRepublican Party. The \u200brevelation\u2063 of his fraudulent activities could tarnish his image \u200bas a successful businessman and a champion of the working class, which has\u2062 been a cornerstone of \u2062his political persona.<\/p>\n<p>Given Trump&#8217;s history\u200b of legal \u200bbattles and controversies, this ruling\u200d is just one\u200c in a long line of setbacks for the former president. However, the finding of\u200b fraud in his real estate dealings is particularly significant, as it strikes at the core of his business\u2064 empire and personal brand. Moving forward, Trump will \u200cnot only have to contend \u200dwith \u2064the\u200d financial repercussions of \u2063this\u2062 ruling but also the\u2064 damage it inflicts on \u2064his reputation and \u2063political aspirations.<\/p>\n<p>In conclusion,\u2064 the ruling by Justice Engoron that Trump committed fraud in \u200bbuilding his real estate empire is a groundbreaking development with far-reaching implications. It exposes the deceptive practices employed\u2062 by Trump and\u2063 his company to secure financing opportunities and\u2062 close lucrative deals. This ruling not only \u2062holds Trump accountable but also raises questions about the integrity\u2062 of \u200bhis business empire and his credibility as a public \u2063figure. Furthermore,\u2064 it could have legal and political ramifications \u200dthat could shape his\u2063 future endeavors. As this case \u200dcontinues to unfold, it serves as\u200b a reminder that even the\u200c most \u200cpowerful individuals are not immune to the consequences of their actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A New York judge found ex-President Donald Trump guilty of fraud, ruling that he deceived banks and insurers during the growth of his real estate empire, the Trump Organization. The civil suit, brought by Attorney General Letitia James, concluded on Tuesday with State Supreme Court Justice Arthur Engoron&#8217;s decision.<\/p>\n","protected":false},"author":1,"featured_media":2045549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2045548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2045548"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2045549"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2045548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2045548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2045548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}