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Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

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Published 1:25 PM

By MICHAEL R. SISAK
Associated Press

NEW YORK (AP) — A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing. Engoron’s ruling resolves the key claim in Attorney General Letitia James’ lawsuit, but six others remain. James is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state.

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