Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

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A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse. A state GOP rule change has opened the possibility that the former president might be able to sweep California's trove of delegates in the March 5 primary.

Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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