Judge rules that Donald Trump committed fraud with financial statements

reported. It narrows the issues that will be heard in the case, according to the newspaper.

The bench trial will now focus on allegations that include falsifying business records and providing false financial statements,reported. It will also address the state of New York’s demand for $250 million in restitution. The judge also ordered sanctions against Trump’s attorneys, fining each of them $7,500 for making arguments the Engoron had rejected, theEngoron ruled that Trump, his company and its key executives lied about Trump’s purported riches on his annual financial statements, the

reported. The statements helped Trump and his company enjoy rewards such as favorable loan terms and lower insurance premiums, the judge said.reported. Trump has sued Engoron, and an appeals court is expected to rule on the lawsuit this week. If Trump loses his appeal, he will have to fight the remainder of the case during a trial, according to the newspaper.

James sued Trump, his real estate company and his two adult sons in September 2022, accusing them of inflating the value of Trump’s biggest assets from 2011 to 2021 in order to receive better terms from banks and insurers, according to

Source: News Formal (newsformal.com)

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