US

Trump committed fraud to exaggerate his wealth and value of assets, court rules

Trump committed fraud to exaggerate his wealth and value of assets, court rules

Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, a court has ruled.

Judge Arthur Engoron found that the former president and his company deceived banks and insurers by massively overvaluing assets and exaggerating his net worth on paperwork used in making deals and securing financing.

The ruling came after a civil lawsuit brought by New York’s attorney general.

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