"Trump Committed Fraud By Inflating His Assets"
"Trump and his company committed fraud by overstating the value of their assets, a New York judge ruled Tuesday, siding with state Attorney General Letitia James in her wide-ranging suit against the former president and the Trump Organization.
James sued Trump, the Trump Organization and his business associates—including Trump’s children—for fraud, alleging in civil court the ex-president made hundreds of false statements that inflated the value of Trump Organization assets to boost his net worth and obtain more favorable business deals." - Forbes
Where are these properties? How much did Trump Organization inflate these property values? How much did Russians invest in Trump properties? Check with this interactive 3D map.
Fate of Trump Organization
"As the fate of the Trump Organization hangs in the balance, so too does the ownership of some of New York’s most prominent properties. New York Attorney General Letitia James sought to have the company’s business certificates when she filed her civil lawsuit against Donald Trump and his real estate business last year. A judge’s ruling this week found Trump fraudulently inflated values of his properties, enabling the potential loss of such properties to happen, according to the New York Times.
Penalties against the Trump business and clan are expected to be decided in a trial... Trump’s team is still playing its cards, requesting more information on the ruling’s impact and weighing a stay on the decision about a receivership for the properties." - The Real Deal
Russian money behind Trump
"Russian elite invested nearly $100 million in Trump buildings. 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida. The buyers include politically connected businessmen, such as a former executive in a Moscow-based state-run construction firm that works on military and intelligence facilities..." - Reuters
TakeAway: No one is above the law.
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These are Trump’s NY properties endangered by judge’s ruling - The Real Deal
Trump Committed Fraud By Inflating His Assets, Judge Rules - Forbes
Donald Trump: Threatening Courts and Undermining Justice - Common Cause