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Judge Rules Trump Illegally Inflated Value of Assets Ahead of NY Attorney General Trial

HeadlineSep 27, 2023

A New York judge ruled Tuesday that Donald Trump, his sons Donald Jr. and Eric, and the Trump Organization repeatedly violated state law when they fraudulently inflated the value of their assets by billions of dollars to obtain loans and lower their insurance rates. The ruling came as part of a civil lawsuit brought by New York Attorney General Letitia James and will force some of Trump’s business licenses to be dissolved. Trump could lose control of some of his properties, including the Trump Tower, his New York City residence. It’s a major win for Attorney General James, whose case against Trump is scheduled to go to trial next week on Monday and will focus on alleged falsification of business and financial documents, insurance fraud and conspiracy. James is seeking $250 million in damages and a ban on Trump doing business in New York.

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