{"id":5243,"date":"2023-09-27T10:46:39","date_gmt":"2023-09-27T14:46:39","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=5243"},"modified":"2023-09-27T10:46:39","modified_gmt":"2023-09-27T14:46:39","slug":"report-judge-finds-trump-liable-for-fraud","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/news\/report-judge-finds-trump-liable-for-fraud\/njackson\/2023\/09\/","title":{"rendered":"Report: Judge Finds Trump Liable for Fraud"},"content":{"rendered":"\n<p>A New York judge sided with prosecutor Letitia James (D) on Tuesday, ruling that former President Donald Trump is liable for \u201cpersistent fraud.\u201d<\/p>\n\n\n\n<p>Last year, New York Supreme Court Justice Arthur Engoron found that the defendants, including Trump, his two sons Donald Jr. and Eric, and members of the Trump organization \u201chad a propensity to engage in persistent fraud by submitting false and misleading statements of financial condition on behalf of defendant Donald J. Trump.\u201d<\/p>\n\n\n\n<p>\u201cDefendants followed the same procedure each year to create false and misleading SFCs,\u201d a&nbsp;<a href=\"https:\/\/iapps.courts.state.ny.us\/fbem\/DocumentDisplayServlet?documentId=ug5960XEpNMksGWCbGdRDA==&amp;system=prod\">memo<\/a>&nbsp;from NY Attorney General Letitia James in support of the plaintiffs\u2019 motion stated in late August. \u201cThe SFCs include amounts for Mr. Trump\u2019s assets, mostly real estate holdings, that are represented to be stated \u2018at their estimated current values,\u2019 a term defined in the applicable accounting rules as the value that a willing buyer and willing seller could agree on, where both are fully informed and neither is acting under duress. The associated liabilities are then subtracted from the \u2018estimated current values\u2019 to derive Mr. Trump\u2019s net worth.\u201d<\/p>\n\n\n\n<p>Engoron wrote in his&nbsp;<a href=\"https:\/\/assets.bwbx.io\/documents\/users\/iqjWHBFdfxIU\/rdxGJHgiLN7M\/v0\">ruling<\/a>&nbsp;issued on Tuesday, \u201cDefendants repeat the erroneous argument that the complaint must be dismissed because OAG cannot demonstrate the requirements of a&nbsp;<em>parens patriae&nbsp;<\/em>action, which is one in the public interest,\u201d then explained that a&nbsp;<em>parens patriae<\/em>&nbsp;action \u201cpermits the state to commence an action to protect a public interest, like the safety, health or welfare of its citizens.\u201d<\/p>\n\n\n\n<p>Trump responded in a post on his social media platform Truth Social.<\/p>\n\n\n\n<p>\u201cThe widespread attack against me, my family, and my supporters has devolved to new, un-American depths, at the hands of a DERANGED New York State Judge, doing the bidding of a completely biased and corrupt \u2018Prosecutor,\u2019 Letitia James,\u201d Trump&nbsp;<a href=\"https:\/\/nypost.com\/2023\/09\/27\/donald-trump-slams-ny-judges-fraud-ruling-as-un-american\/\">wrote<\/a>.&nbsp;\u201cThis is Democrat Political Lawfare, and a Witch Hunt at a level never seen before. It is an attempt to badly injure the opposing Party\u2019s Leading, by far, Political Candidate.\u201d<\/p>\n\n\n\n<p>He added, \u201cNothing like this has ever happened in our Country before. My Civil Rights have been violated, and some Appellate Court, whether Federal or State, must reverse this horrible, un-American decision. If they can do this to me, they can do this to YOU!\u201d<\/p>\n\n\n\n<p>Former Trump attorney and &#8220;fixer&#8221; Michael Cohen said the ruling effectively put Trump out of business in the Empire State.<\/p>\n\n\n\n<p>\u201cThe damages, in my estimation, with interest and penalty, will exceed $600 million,\u201d Cohen said in a CNN interview Tuesday. \u201cWill that put him into bankruptcy? He does not have the liquid cash in order to pay that off.\u201d<\/p>\n\n\n\n<p>Cohen said that damages trial is likely to be the end of Trump\u2019s businesses, as losing business licenses means that the operations have to shut down.<\/p>\n\n\n\n<p>\u201cAs a result of the receivership, those companies will end up being liquidated, especially now that this case is no longer solely about \u2026 liability. The judge has already determined that the fraud existed,\u201d Cohen said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A New York judge sided with prosecutor Letitia James (D) on Tuesday, ruling that former President Donald Trump is liable for \u201cpersistent fraud.\u201d Last year, New York Supreme Court Justice Arthur Engoron found that the defendants, including Trump, his two sons Donald Jr. and Eric, and members of the Trump organization \u201chad a propensity to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[828,8,699,120,103,121],"class_list":["post-5243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arthur-engoron","tag-donald-trump","tag-fraud","tag-letitia-james","tag-trump-lawsuit","tag-trump-organization"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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