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| Former President Donald |
Former President Donald 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, which is still set to go to trial next week with a narrower scope.
James sued Trump, his company and his business associates in September 2022, following a years-long investigation that began in March 2019.
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Trump was deposed as part of the investigation, though he refused to answer questions and invoked his Fifth Amendment rights, after being held in contempt of court for not complying with the subpoena. Since James filed the lawsuit, the AG has notched a win in court as Engoron appointed an independent monitor to oversee the Trump Organization’s activities, though an appeals court also dismissed James’ claims against Ivanka Trump in the case and forced Engoron to narrow the case.
The Trump Organization has separately been found guilty of tax fraud in a different case brought by the Manhattan district attorney, in which the company was ordered to pay $1.6 million for a scheme in which executives were paid through personal expenses that weren’t taxed, such as private school tuition, apartments and car leases.
source: forbes
