Wednesday, May 29, 2024

Trump Suffers “Major Blow” in NY AG Case, Judge Finds Fraud And Lying About Value of Company, Could Lose Trump Organization

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NY Attorney General Letitia James has won her case against Donald Trump.

Judge Arthur Engoron has ruled that Trump LIED in his fraud case lied about his company’s value for at least a decade by hundreds of millions of dollars.

Engoron also granted James’s request to impose sanctions on Trump, his co-defendants and their attorneys for repeatedly filing already-rejected legal arguments.

James is suing Trump on behalf of New York State for $250 million.

It’s highly unusual to lose a case before it begins, but that’s what has happened. Now Trump’s trial will be quite short since we already know the outcome. James is trying to bar the Trumps from serving as head of New York-licensed businesses or doing business deals and taking out loans for five years.

New York Times: “Justice Engoron’s decision narrows the issues that will be heard, effectively deciding that the trial was not necessary to find that Mr. Trump was liable and that the core of Ms. James’s case was valid. It represents a major blow to Mr. Trump, whose lawyers had sought to persuade the judge to throw out many of the claims against the former president.”

He added: “That is a fantasy world, not the real world,” he added.

Here’s a summary of what’s going on.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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