Trump Committed Fraud By Inflating His Assets, Judge Rules

Former President Donald Trump and his company committed fraud by overstating the value of their assets, a New York judge ruled Tuesday, siding with state Attorney General Letitia James in her wide-ranging suit against the former president and the Trump Organization, which is still set to go to trial next week with a narrower scope.

Source

This civil case has been quietly lurking in the background for quite some time but it's been overshadowed by the criminal cases against Trump.

And now the biggest aspect of the case has been decided before the trial starts due to the judge granting a partial summary judgment stating that the Trump Organization committed fraud by overvaluing its assets.

The case is still set to go to a bench trial next week to rule on a number of other issues, as well as determine punishment.

While no news outlets seem to be reporting on it, the actual ruling goes on to sanction Trump's lawyers. It also appears to dissolve a number of Trump's companies, including Trump Organization Inc and Trump Organization, LLC, which I believe are the Trump Organization's two biggest holdings.

a reply to: Threadbare

From Wikipedia...

A party moving (applying) for summary judgment is attempting to avoid the time and expense of a trial when, in the moving party's view, the outcome is obvious. Typically this is stated as, when all the evidence likely to be put forward is such that no reasonable factfinder could disagree with the moving party, summary judgment is appropriate. Sometimes this will occur when there is no real dispute as to what happened, but it also frequently occurs when there is a nominal dispute but the non-moving party cannot produce enough evidence to support its position. A party may also move for summary judgment in order to eliminate the risk of losing at trial, and possibly avoid having to go through discovery (i.e., by moving at the outset of discovery), by demonstrating to the judge, via sworn statements and documentary evidence, that there are no material factual issues remaining to be tried. If there is nothing for the factfinder to decide, then the moving party asks rhetorically, why have a trial? The moving party will also attempt to persuade the court that the undisputed material facts require judgment to be entered in its favor. In many jurisdictions, a party moving for summary judgment takes the risk that, although the judge may agree there are no material issues of fact remaining for trial, the judge may also find that it is the non-moving party that is entitled to judgment as a matter of law.

So did Trump okay this to avoid going through discovery?

a reply to: Threadbare

Another source to add:

A U.S. federal judge on Tuesday ruled that former President Donald Trump—the twice-impeached GOP presidential front-runner facing 91 federal and state criminal charges in four separate cases—committed fraud over a period of years while building his real estate businesses.

www.commondreams.org...

No one is above the Law.

a reply to: Threadbare

This civil case has been quietly lurking in the background for quite some time but it's been overshadowed by the criminal cases against Trump.

And now the biggest aspect of the case has been decided before the trial starts due to the judge granting a partial summary judgment stating that the Trump Organization committed fraud by overvaluing its assets.

Let me read between the lines here

So what you're really saying is now that nothing has come of all the Bogus Criminal Charges , Now they will attack him for allegedly inflating his Finances ?

mmmk Keep up the Good Work I'm sure something will stick eventually , Even a Broken Clock is right twice a day.

a reply to: quintessentone

The partial summary judgment motion that was granted was filed by the NYAG's office.

Trump filed his own summary judgment motion to have the case thrown out but it was denied.

a reply to: asabuvsobelow

This case predates any of the criminal cases. And the fact that he's losing his companies for committing widespread fraud seems like something is sticking.

a reply to: FyreByrd

No one is above the Law.

you sure about that ?

Should I pull out the list of Blatantly Corrupt Politicians or is it just Orange man bad .

I’ve watching this on cable news for about an hour.
He’s a liar and a fraud according to the judge.
Looks like he won’t be doing biz in New York once they are done.

originally posted by: Threadbare
a reply to: asabuvsobelow

This case predates any of the criminal cases. And the fact that he's losing his companies for committing widespread fraud seems like something is sticking.

and yet we are just now hearing about ? Sitting on the Big stuff were they ? Or maybe they are just getting desperate

Moving your assets from one company to another and changing the name is not losing anything .

a reply to: Threadbare

If "inflating assets" enables thousands of families to be fed, by working with Trump enterprises across the globe, so be it.

Far better than funding Ukraine pensions with our tax dollars.

a reply to: spacedoubt

I’ve watching this on cable news for about an hour.

Shocking .

He’s a liar and a fraud according to the judge.

Shocking .

Looks like he won’t be doing biz in New York once they are done.

lol now that is where you are wrong , Money is far more important than some short sighted Political hit job.

Difficult to defend this.

But sure some will try.

originally posted by: Oldcarpy2
Difficult to defend this.

But sure some will try.

It's always someone else's fault and never Donalds.

According to some.

😂
He inherited 200+ million dollars in his 20s and he still had to commit fraud. What a clown.

Did I hear he has to shell out 250 million?

Get your wallet out folks, he’s gonna be begging again.

a reply to: asabuvsobelow

We didn't just hear about it. We've been hearing about since 2019 when NYAG Letitia James launched her investigation.

They also won't have the opportunity to move money around. The companies will have independent stewards assigned to oversee the dissolution.

IN before the Joe, Hunter and Obama deflection!

a reply to: knoxie

The $250 million still hasn't been ruled on. That's one of the things that will be decided in the bench trial.

However, that may be the least of Trump's worries. If the companies are dissolved, he'll be responsible for paying off their outstanding debts.

a reply to: Threadbare

Provided this is true, the best you can get him on is something millionaires and billionaires have been doing for centuries? Great, slap his hand, fine him, and send him on his way to the next kangaroo court in the Get Trump game.

Rent free.

a reply to: Threadbare

So a commie judge agreed with a commie prosecutor? In a civil case?

Don't care.

Well, now we know why he fought so hard not release his tax returns even though he promised his supporters he would. Just another lie. but, he could shoot someone on Fifth Avenue, so..

I wonder if DeSantis and some of the others will go after him in earnest now. Doubt it.