By Austin Ogwuda with Agency report
A New York judge, Arthur Engoron has cancelled the Trump Organization’s business certification, saying the Trumps provided false financial statements for over a decade.
Engoron’s ruling came days before the civil case involving the New York Attorney General’s office and the former President was set to go to trial.
The judge granted Attorney General Letitia James’ motion for summary judgment, finding Trump, his sons, and others “to be liable as a matter of law for persistent violations” of New York State Law.
According to CNN report, the financial statements the Trumps provided to lenders and insurers for about a decade were false and said they repeatedly engaged in fraud.
The decision is a blow to Trump and a complete rejection of his arguments that he didn’t inflate the values of his golf courses, hotels, and homes at Mar-a-Lago and Seven Springs on financial statements that were repeatedly used in business.
“Today, a judge ruled in our favour and found that Donald Trump and the Trump Organization engaged in years of financial fraud,” James said in a statement Tuesday night.
“We look forward to presenting the rest of our case at trial”.
