New York Judge Rules Trump Committed Fraud, Potentially Impacting Business Prospects

Fraudulent Valuations: Judge Arthur Engoron found that Trump overvalued properties, such as Mar-a-Lago and Trump Tower, by significant margins.

Impact on Trump: This ruling could hamper Trump's ability to do business in New York, and it resolves the key fraud claim in the lawsuit.

Remaining Claims: The trial will continue with six remaining claims and determine potential penalties.

Trial Timeline: The trial is scheduled from October to December, with NY Attorney General Letitia James seeking $250m in penalties.

Business Certificates Canceled: The judge ordered the cancellation of business certificates for some Trump entities in New York.

Trump's Response: Trump's legal team called the ruling a "miscarriage of justice" and plans to appeal.

Ongoing Legal Battles: Trump faces numerous legal battles as he campaigns for an election rematch with President Biden.