Former President Donald Trump is facing a potentially devastating legal setback after a landmark fraud ruling by New York Judge Arthur Engoron.
The decision, which was handed down on Tuesday, came in response to a civil lawsuit filed by New York’s Attorney General, Letitia James, accusing Donald Trump and the Trump Organization of fraudulent practices that spanned years.
In the lawsuit, which was initiated by the Democratic Attorney General a year ago, Trump and his organization were alleged to have artificially inflated the valuation of their real estate assets, including prominent properties like skyscrapers, golf courses, and the renowned Mar-a-Lago estate in Florida.
The ruling has far-reaching implications, putting at risk Trump’s control over some of his most iconic properties, including the Trump Building at 40 Wall Street in Lower Manhattan and the internationally famous Trump Tower.
Additionally, the judgment could jeopardize his family estate and the exclusive golf club located in Westchester County.