MIAMI: A New York judge declared United States former President Donald Trump involved in fraud case.
This ruling comes after it was found that Trump and his company had exaggerated the worth of their assets.
Judge Engoron’s decision was based on the fact that Trump failed to provide evidence that a potential buyer for one of his properties was indeed located in Saudi Arabia.
The properties in question, which were overvalued, include Mar-a-Lago, a building on Park Avenue, a penthouse in Trump Tower, and an estate in Westchester County.
The New York Attorney General, Letitia James, had accused Donald Trump of inflating his assets by a staggering $2.2 billion in order to secure more favorable business deals.
In response, Trump’s legal team argued that he had accurately assessed the assets, maintaining that this valuation reflected his perspective as a visionary real estate developer.
It’s worth noting that the court dismissed Donald Trump’s plea to have the case dismissed, and as a result, the legal proceedings against him and his business associates are expected to commence in court starting next Monday.
