Dear Friends,

I really do not know what to make of the story below. The situation seems grave for Trump. I believe the deck is stacked against Donald Trump and this is just the beginning. Please read the story and send me your comments.

Respectfully Yours, 

JUDSON Bennett–Coastal Network 


New York judge rules Trump committed fraud while building real estate empire

The ruling comes after New York Attorney General Letitia James accused Trump of overvaluing his assets

 By Brooke Singman Fox News

Published September 26, 2023 5:34pm EDT

A judge ruled Tuesday that Donald Trump and his company committed fraud while building his real estate empire after New York Attorney General Letitia James accused the former president of overvaluing his assets.

Judge Arthur Engoron ruled Tuesday 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Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York. The judge said he would continue to have an independent monitor oversee the Trump Organization’s operations.

The Trump campaign did not immediately respond to Fox News Digital’s request for comment. 

The ruling comes out of James’ lawsuit in which she alleged that Trump “inflated his net worth by billions of dollars” and said his children helped him to do so.

When Trump was president, James sued his administration dozens of times, challenging policies on the environment, immigration, education, health care and other issues.

In January, Trump voluntarily dismissed that lawsuit.

Trump was deposed as part of the lawsuit in April for the second time. During that deposition, the former president and 2024 GOP frontrunner, answered questions. The first deposition took place in August, but Trump invoked his Fifth Amendment rights.