This decision comes as the former US president and his children will face a civil trial in October in New York on suspicion of fraudulent tax practices within the Trump Organization.
A New York judge declared Donald Trump and two of his children responsible for “repeated” financial “fraud” in the 2010s in the valuation of the assets of the Trump Organization, a few days before his civil trial, several media report Americans including CNN.
In this case, the Attorney General of the State of New York, Letitia James, who had filed a complaint, is demanding in particular $250 million in financial reparations and bans on the ex-president and his relatives from running companies.
“Repeated violations” of the law
In his decision, Judge Arthur Engoron considers that Donald Trump, who dreams of reconquering the White House in 2024, and his two children, executive vice-presidents of the Trump Organization, are “responsible” for “repeated violations” of the law.
He adds that the documents submitted by the attorney general “clearly” show “fraudulent valuations” on the part of Donald Trump for the group’s assets, a myriad of companies that range from residential real estate to luxury hotels and more. by golf clubs.
The Attorney General of the State of New York accuses the Republican billionaire and his children of having “inflated” this heritage by billions of dollars to, among other things, obtain more advantageous loans from banks from 2011 to 2021.