Title: A scathing legal decision: Donald Trump and his children responsible for financial fraud according to a New York judge
Introduction :
A recent court ruling has put Donald Trump and his children in a difficult position. A New York judge has ruled that the former president and two of his children were “responsible” for “repeated” financial fraud in the 2010s involving the valuation of the Trump Organization’s assets. The move could have significant consequences for Donald Trump, who is considering running for president again in 2024.
The setback for Donald Trump:
The judge’s decision represents a significant setback for Donald Trump, who aims to win back the presidency in 2024. It also has implications for New York State Attorney General Letitia James, who filed a lawsuit against Donald Trump and claims $250 million in fines as well as bans on running companies for Trump and those close to him. It could also make it easier to set up other future trials against the former president.
Details of the case:
The Trump Organization, a group led by Donald Trump and his children, is accused of inflating the value of its assets to obtain favorable loans from banks. For example, the value of Donald Trump’s triplex in the Trump Tower in New York would have been inflated thanks to a declaration of surface area three times greater than reality. The judge considers this discrepancy to be fraud and points to other similar examples such as the Seven Springs property, the Trump Park Avenue or 40 Wall Street buildings in New York, as well as the golf courses and the Mar-a-Lago residence.
Legal consequences to come:
This judge’s decision marks the start of a series of trials for Donald Trump. In addition to the civil trial which is scheduled to begin Monday, the former president will also have to appear in federal court for charges related to the 2020 presidential election, as well as before the courts of the state of Georgia for attempts to manipulate the results electoral. These court cases could potentially have a significant impact on Donald Trump’s political ambitions.
A response from Donald Trump:
On his social network Truth Social, Donald Trump reaffirmed his innocence and described the judge as “hateful”. He also said its value far exceeded what was stated in his financial disclosures and claimed that loans from banks had never been a problem.
Conclusion :
The New York judge’s decision is a significant setback for Donald Trump and could have significant consequences on his political plans. The various legal cases he will face in the coming months could undermine his credibility and public image. It remains to be seen how these trials will proceed and what their ultimate outcome will be. The financial fraud affair will undoubtedly mark the political and legal news in the months to come.