A judge overseeing a $250 million lawsuit against Donald Trump ruled the ex-president and his company committed fraud by inflating his net worth in business transactions
also ordered the cancellation of Trump business certificates and imposed sanctions on attorneys representing him, two of his adult children, two other company executives and the business for repeating arguments that failed multiple times previously and were called “borderline frivolous."
Five attorneys have been ordered to pay $7,500 each to a state organization that reimburses clients whose attorneys misused funds. One of the attorneys sanctioned by Engoron is Christopher Kise, a former Florida solicitor general who also represents Trump in federal court there in the indictment over the retention and mishandling of classified documents.
By manipulating the value of Trump’s property and other real estate assets by up to $2.2 billion annually, the real estate, hospitality and golf resort company obtained better interest and policy rates than they otherwise would have, according to the lawsuit. Trump will stand trial along with his sons Donald Trump Jr. and Eric Trump, who served as executives, longtime finance chief Allen Weisselberg and long-serving comptroller Jeffrey McConney. The trial is scheduled to begin Monday but could get postponed due to an ongoing appellate court matter.In finding that the defendants committed fraud under the state’s civil law, Engoron will now be left to determine at the bench trial whether specific illegal conduct occurred.
Trump, however, faces the potential of prison in four unrelated criminal cases, one of which was filed in New York. He could stand trial on those cases next year while he campaigns for the 2024 presidential election.
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