- New York Supreme Court Justice Arthur Engoron will hold a trial to determine damages, after finding Trump committed real estate fraud for years.
- Engoron ruled that Trump inflated the value of properties and treated square-footage as subjective.
- Trump’s lawyers threatened to appeal the fraud ruling, which Trump called ‘ridiculous and untrue.’
Like a game of Monopoly, Donald Trump may be forced to sell off his iconic properties under a New York judge’s ruling that he committed fraud for years while building his real estate empire.
In a civil trial starting Monday, Trump’s lawyers will return to court to begin a trial to determine how much he and his companies will be penalized for the fraud. New York Attorney General Letitia James is seeking $250 million in damages. Potential witnesses include Trump, his children and former business associates.
At stake? Whether the former president will have to shutter or break up his namesake Trump Organization and sell off those famous properties − and whether he will have to pay millions.
Trump’s lawyers vowed to appeal the ruling. Trump called the decision “ridiculous and untrue.”
New York Supreme Court Justice Arthur Engoron on Tuesday canceled Trump’s business certificates by ruling he committed fraud for years through “pure sophistry,” a “fantasy world” of real-estate valuations that “can only be considered fraud.”
In fact, Engoron quoted a Marx Brothers movie to ridicule Trump’s explanations for altering objective data such as the…
