New York Judge Rules Trump Committed Fraud, Potentially Impacting Business Prospects
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.
The trial will continue with six remaining claims and determine potential penalties.
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 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.