US judge finds Donald Trump guilty of “repeated” financial “fraud” in 2010s

2023-09-27 04:09:00

Donald Trump’s legal troubles continue. A New York judge on Tuesday found Donald Trump and two of his children, Donald Trump Jr and Eric Trump, responsible for “ cheats » financial « repeated » during the 2010 decade in the valuation of the assets of the Trump Organization, even before the civil trial in this case opened on Monday.

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In this case, the Attorney General of the State of New York, Letitia James, who had filed a complaint, is demanding $250 million in financial compensation and a ban from directing companies from the former president and his relatives.

Accusations of overvaluation of assets of Trump companies

In his decision, Judge Arthur Engoron considers that Donald Trump and his two children, executive vice-presidents of the Trump Organization, are “ responsible ” of ” repeated violations ” of the law. The judge believes that the documents submitted by the Attorney General show “ clearly ” of the ” fraudulent reviews » from Donald Trump for the assets of his group, a myriad of companies that operate in numerous sectors, from residential real estate to luxury hotels to golf clubs.

The Attorney General of the State of New York accuses the Republican billionaire and his children of having voluntarily “ swollen » the assets of their company of billions of dollars to, among other things, obtain more advantageous loans from banks from 2011 to 2021. After being indicted in Georgia this summer for having tried to obtain the reversal of the result of the presidential election of 2020 in this key state, Donald Trump already has four criminal charges in less than six months.

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Campaigning for the Republican primary with a view to reconquering the White House in 2024, the former president, who dominates his opponents in the polls for the Republican primary, must also be judged in March and May 2024. He will indeed have to respond of the purchase of the silence of an adult film actress, before the courts of the State of New York, then of his alleged negligence in the management of confidential documents, before the federal courts in Florida. His Democratic rival in the White House Joe Biden has so far not commented on the legal setbacks of his predecessor.

(with AFP)