Judge Says Trump Committed Fraud
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Judge Says Trump Committed Fraud
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Amid countless state and federal indictments, a judge recently ruled that former President Donald Trump committed fraud. What do you think?
From Daily Mail. Donald Trump has lashed out against a New York judge for ruling that he lied about his wealth for years and committed fraud by submitting false valuations to secure loans.
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Judge Arthur Engoron ruled that Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, after prosecutors charged he inflated property valuations with lenders and diminished them with tax authorities.
In reaction, the former president took to Truth Social to say it was ‘a very sad day for the New York State System of Justice’. …
The ruling Tuesday came in a civil lawsuit brought by [Attorney General Letitia] James, even as Trump faces multiple criminal indictments in multiple jurisdictions related to his election overturn effort and other matters.
She sued last year, claiming numerous acts of fraud. Lawyers representing Trump and his company, as well as his adult children, asked the judge to dismiss the suit through summary judgement.
James found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
She said he boosted valuations by up to $2 billion, inflating the value of signature assets including the Mar-a-Lago club where he now resides and his Manhattan penthouse apartment at Trump Tower. …
Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.
Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.
Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family´s ability to do business in the state.
Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but six others remain.
Engoron is slated to hold a non-jury trial starting Oct. 2 before deciding on those claims and any punishments he may impose. James is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state. The trial could last into December, Engoron has said. …
What do you think of this ruling? Share your thoughts, prayers, and scriptures below.
(Excerpt from Daily Mail. Photo Credit: Jeff Swensen/Getty Images)
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Father Almighty God, I now understand how the word Kangaroo got associated with a court. This is America where law was associated with Truth. I pray that my God will bring Truth and Justice back to our nation. I pray in the name of Jesus
the church must pray for him and everyone the government and media have gone after to destroy.
the church will be accountable to pray and intercede for President Trump now in the midst of all these attacks on him.
Father, You are the God of Justice. I am praying and believing for Your Justice to prevail for former President Donald J. Trump. You know every aspect of these fraudulent charges that have been brought against him. Attorney General Letitia James who brought these charges against him, has been very far left leaning in her leadership decisions. I thank You, Father, for exposing the corruption that motivated her to make these fraudulent charges. I am praying and believing for Donald J. Trump to be completely exonerated and vindicated of all of these charges in the name of Jesus.
These people need Mercy and Truth! All of a sudden Trump has committed fraud but no one ever caught it until all of a sudden a bogus d. a. found it, just in time for the 2024 election? Hillary and Obama killed the Ambassador and his staff in Benghazi, no charges the! Biden and his son are stealing money and laundering money from Ukraine, yet no charges? FATHER GOD I decree that no weapon formed against President Trump shall prosper and every tongue that rises against him in judgement he shall condemn in JESUS MIGHTY NAME! FATHER GOD please vindicate President Trump on every charge in JESUS MIGHTY NAME! Amen!
I am praying, and I would really like for us to stop using this psychological warfare language. Quotation marks are needed here: ” election overturn efforts”
I do not understand how someone could inflate their net worth on real estate. Banks assess the value of property they will lend money on and they never lend on 100% of the assessed value. Real estate companies assess values by what comparable properties in the same area are selling for. Insurance companies assess value of property on what it would take to rebuild a property per square foot which changes from year to year. So, how does Trump get to inflate his own worth and values change with the market. And, we all try to devalue our own property so that we don’t have so much real estate tax and school tax. I really don’t see how he could have done anything wrong because, typically these values are not the same from the stand point of banks, real estate brokers, and tax offices .
It helps if the square footage is reported accurately. As Forbe magazine reported, the square footage of the triplex apartment in Trump towers is 11,000, not 33,000 as claimed by Donald Trump.
God’s will and God’s will alone be done in this situation. The judges are being judged in the courts of heaven. America is and will be saved. Let God arise and his enemies be scattered. I speak God’s blessing and discernment over President Trump and his legal team. The New York judicial system is on trial in the courts of heaven. The supreme judge is on the throne and rules.