A New York judge on Tuesday found Donald Trump and two of his sons, Donald Trump Jr and Eric Trump, responsible for “repeated” financial “fraud” in the 2010s related to the valuation of the Trump Organization’s assets. .
This statement was made even before the civil proceedings in this case began.
In this file, the Attorney General of the state of New York, Letitia James, who filed the complaint, demands $250 million in economic reparations and declarations of prohibition from managing companies for the former president and his children.
In his decision, Judge Arthur Engoron finds that Donald Trump and his two sons, executive vice presidents of the Trump Organization, are “responsible” for “repeated violations” of the law.
He added that the documents presented by the attorney general “clearly” show “fraudulent valuations” of the group’s assets by Donald Trump.
The business conglomerate includes a diversity of companies, ranging from residential real estate to luxury hotels, including golf clubs.
Letitia James accuses the billionaire and his children of “inflating” the value of this estate by several billion dollars to, among other advantages, obtain bank credit under more advantageous conditions, in the years 2011 to 2021.
Source: TSF
