Legal Showdown: Trump Faces Civil Fraud Lawsuit Fallout in New York
On October 2, former US President Donald Trump attended a court hearing in New York related to a civil fraud lawsuit against him and the Trump Organization.
Just a week earlier, on September 26, a New York court found Donald Trump and his adult sons guilty of fraud. The court ruled that they had provided false financial statements to lenders and insurers for about a decade. Judge Arthur Engoron, in response to a motion filed by Attorney General Letitia James, granted a summary judgment. The attorney general sought damages of $250 million, a prohibition on the Trumps serving as business officials in New York, and a five-year ban on their company engaging in business deals.
This verdict was a significant setback for the Trump family and Donald Trump personally. The court rejected Trump’s assertions that he did not inflate the value of his golf courses, hotels, and residences, including Mar-a-Lago and Seven Springs, in his financial statements.
In response to the ruling, Christopher Kise, Donald Trump’s lawyer, stated that Trump and his family are committed to pursuing every available appellate remedy to address what they consider a miscarriage of justice.