judge arthur engoron agreed with new york attorney general letitia james that trump fraudulently inflated

judge arthur engoron agreed with new york attorney general letitia james that trump fraudulently inflated

judge arthur engoron agreed with new york attorney general letitia james that trump fraudulently inflated wealth by up to $3.6 billion to get more favourable loans from lenders. in the ruling, judge engoron writes: trump's legal team has responded to the ruling. in a statement, the former president's attorney said: the decision comes ahead of the start of a civil trial against mr trump that begins on monday. i spoke about all this earlier with our correspondent peter bowes. tell us what thejudge said in this ruling. the judge essentially agreed with the attorney general in new york that has brought this civil case against the former president. it's been a long—running investigation into the business affairs of mrtrump, his organisation and members of his family. the allegation was that, as the judge has now agreed, the former president acted fraudulently in exaggerating his assets, the value of his golf courses, his apartments, including exaggerating the size of his own apartment in the trump building in new york. the reason was to get preferential treatment for loans to impress insurers,

in a pretrial hearing yesterday judge arthur engoron declined to elaborate on the real world ramifications of the ruling he made on tuesday in a case brought by the new york state attorney general's office. that ruling found that trump, his two oldest sons, and his company were liable of committing fraud over the course of many years. the judge has already granted attorney general letitia james one punishment she sought which was to strip trump of his business certificates in the state. as a result the former president could be forced to give up all his new york properties including the signature trump tower, his home of many years. now, whether or not that happens will be decided by the same judge during a non-jury trial set to begin next week. now today in just hours the republican led house oversight committee will hold its first impeachment hearing on president joe biden. "the new york times" reporting that top house republicans are eyeing potential impeachment charges of bribery and abuse of power while trying to tie the president to his son hunter biden's foreign business dealings. t

now, trump had asked for that because the lower court judge, arthur engoron, had not yet ruled on these motions for summary judgments. he made that surprise ruling on tuesday that was very expansive, finding that trump was liable for fraud and that they had committed persistent fraud through these inflated values on their financial statements. so now with that out of the way the appeals court saying it's go time. so the trial will start monday. and the issues here will be about damages as well as the new york attorney general's office looking to prove claims of insurance fraud and falsifying business records and holding individual defendants accountable, including the former president and donald trump jr. and eric trump. jake? >> now to the witness list. there are 188 people on it. but certainly trump and eric and don jr. stand out. >> yeah. the new york attorney general's office says in their case in chief they're going to put on 28 witnesses. on that list, donald trump, eric trump, donald trump jr., ivanka trump, and michael cohen, among others. cohen is the one that kicked off this w

in a 35-page decision yesterday manhattan judge arthur engoron found the former president, his two oldest sons, and their companies liable for fraud. according to the judge the trumps spent years inflating the value of their assets in financial statements that were given to banks and insurance companies. the ruling tied to a case brought bay new york state attorney general letitia james back in 2019 which was scheduled to go to a bench trial early next week. yesterday the judge effectively decided that he didn't need a trial to determine the trumps were liable. quote, this is a fantasy world not the real world. the judge wrote in his ruling, as he admonished the former president for overvaluing his holdings by as much as $2.2 billion. in one example trump overestimated the size of his manhattan penthouse apartment which he spent years living in by 19,000 feet. in other wos,e exaggerated by about 200%. the judge called that absurd yesterday, writing, quote, a discrepancy of this order of magnitude by a real estate developer sizing up his own living space of decades can only be considered f

the judge here, judge arthur engoron made clear what he thought of the defense also part of his ruling. the judge accused the defense ou living in fantasy world, not the real world. accused the defense obstreperous conduct and contentious and blatant disregard of controlling authority and law of the case. he admonished trump's legal tea in any uncertain terms and rote sophisticated counsel should have known better. so, again, not a great day for the d trump defense. trump's teame announced tonigh they plan to appeal this ruling, but for now all this looks like pretty good news for new york attorney general letitia james. the case against the trump organization expected to officially go toni trial on monday, which is six days from today. and judge engoron, the same judge that just accused trump's team of living in a fantasy world, he will be the presiding judge in thatth case. oute of that trial we're likel totr find out the fate of trump empire, whether he'll lose control of his numerous properties and whether he and his sons will ever be allowed to do business in new york state again.

judge arthur engoron responding in a one sentence handwritten order, declined to sign defendants.pletely without merit. that trial now set to begin in less than a month. >> we are filing a lawsuit against donald trump for violating the law as part of his efforts to generate profits for himself, his family and his company. >> new york attorney general letitia james suing trump, his eldest sons, and the trump organization, in alleging trump executives and others inflated his net worth by billions in some years in an effort to lock in better terms on loans and insurance. trump and the other defendants have denied any wrongdoing in new york city. another legal blow. federal judge lewis kaplan setting january 15th, 2024, as the trial date for a former magazine columnist. jean carroll's second defamation suit against trump. carroll accused trump of raping her in a bergdorf goodman department store dressing room in the 1990s. and then defaming her after she went public with the claim in may. a jury found trump liable for sexual misconduct and defamation against carroll in the first lawsu

in a 35-page decision yesterday, manhattan judge arthur engoron found the former president and his two oldest sons and their companies liable for fraud. according to the judge, the trumps spent years inflating the value of their assets and financial statements given to banks and insurance companies. the ruling is tied to a case brought by new york attorney general, letitia james, in 2019, which was scheduled to go to a bench trial early next week. yesterday the judge effectively decided he didn't need a trial to determine the trumps were liable. the judge wrote in his ruling, quote this is a fantasy world, not the real world, and admonished the former president for his overvaluing his holdings by as much as $2.2 billion. in one example trump overestimated the size of his manhattan apartment, which he spent years living in, by 19,000 feet, or 200%. judge engoron called that absurd writing, quote, a discrepancy of this order of magnitude by a real estate developer, sizing up his own living space of decades, can only be considered fraud. willie? >> i'm going to have to go back. this is a

on tuesday, judge arthur engoron ruled that former president, his two oldest sons, and be his company itself, were liable of fraud. that means next week's trial would be how much they pay, which could include aine of $250 million and the possible seizure of trump's new york properties. yesterday, prosecutors informed the judge that they pn to call the former presidt and his sons to testify in addition to his daughter ivanka and former cfo allen weisselberg and trump's ex-attorney michael cohen. this is a dramatic turn of events in this week in terms of trump's legal issues, joe, and we've been talking all about whether or not joe biden needs to fight back an talk about the legal cases against donald trump. he made a pretty eloquent speech about democracy and went after the maga movement and we'll talk about that coming up. at the same time one could argue that you let the law play out, and boy is it it ever this week. >> you know what's fascinating, donny, everyone is focused on the criminal cases, of course, but we've known donald for a very long time, and you just get the sense that