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this post was submitted on 16 Feb 2024
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politics
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This is the best summary I could come up with:
The judge who presided over a civil business fraud trial against Donald Trump and his company has issued his decision in the case.
The former president could also face four criminal trials this year as his presidential campaign barrels toward the November election, with the first set to begin in New York state court on March 25th.
James contended the defendants used the inflated financial statements to obtain bank loans and insurance policies at rates he otherwise wouldn’t have been entitled to and "reaped hundreds of millions of dollars in ill-gotten gains."
Trump had also fraudulently puffed up the value of the property by saying it was a private residence, despite having signed an agreement that it could only be used as a social club to lower his tax burden.
James filed a suit seeking $250 million in damages from Trump in 2022, and the judge appointed a monitor to oversee the company's finances that November.
In a summary judgment ruling the week before the trial started, Engoron found Trump and his executives had repeatedly engaged in fraud.
The original article contains 809 words, the summary contains 177 words. Saved 78%. I'm a bot and I'm open source!