All articles tagged with #real estate empire
Former President Donald Trump faces a $454 million judgment in a civil fraud case and must secure a bond or come up with the money quickly to prevent the New York attorney general's office from seizing his properties. If he fails to secure a bond by March 25, he risks losing significant assets, including Trump Tower and 40 Wall Street.
Donald Trump awaits a judgment in a $370 million civil fraud case in New York, following a recent $83 million federal judgment against him in a defamation case. The fraud case alleges that Trump overvalued his real estate to gain benefits from lenders and insurers. The judge has already ruled that Trump committed fraud and is now weighing the potential "death penalty" for his business. Trump has vowed to appeal and has argued that there were no victims because lenders were repaid. The case represents a significant financial threat to Trump and his real estate empire, with the New York Attorney General seeking $370 million in penalties.
Former President Donald Trump returns to court for a $250 million civil fraud trial that threatens his real estate empire and his family's ability to work in New York. Trump has used the media coverage of his court appearances to rally support for his 2024 presidential campaign. However, a gag order has been reinstated, limiting his public statements about the trial. New York Attorney General Letitia James accuses Trump and his organization of fraudulently inflating property values for financial benefits. The trial is ongoing and is expected to conclude in January.
Donald Trump's lawyers have made a long-shot request to a New York judge to decide a civil fraud case in his favor, as the trial against him, his two adult sons, and 10 of his companies continues. The New York attorney general's office has accused Trump and his family businesses of manipulating the value of assets to secure better deals and reduce taxes. Trump's lawyers asked for a "directed verdict," but it is unlikely to be granted as the judge has already found Trump and his businesses guilty of persistent fraud. The trial is expected to continue through mid-December.
Arthur Engoron, an Ivy League-educated judge with a diverse background, is presiding over the case that will determine the future of Donald Trump's real estate empire. Last week, Engoron ruled that Trump committed fraud by inflating his wealth and the value of assets on financial statements. Engoron will now oversee a non-jury trial to resolve remaining claims in the lawsuit brought by the New York Attorney General. Trump, who referred to Engoron as a "political hack," may potentially testify in court. Engoron's rulings have consistently gone against Trump, and his decision could result in Trump losing control of prominent New York properties.