"Judge to Determine if Trump Property Valuations Were Fraud or 'Genius' in NY Supreme Court Hearing"

1 min read
Source: CBS News
"Judge to Determine if Trump Property Valuations Were Fraud or 'Genius' in NY Supreme Court Hearing"
Photo: CBS News
TL;DR Summary

A judge is being asked to determine whether former President Donald Trump committed fraud or applied his "investment genius" when valuing properties higher than appraisers when applying for loans. The New York Attorney General's lawsuit accuses Trump and others of systematic fraud and seeks $250 million in damages. The attorney general argues that Trump purposefully misrepresented his wealth by billions of dollars. The judge heard arguments related to the attorney general's request and a motion from Trump's team to dismiss the case. The judge will issue rulings on both sides' requests and a separate matter involving sanctions against Trump's lawyers.

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