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New York judge finds Trump liable for fraud
Washington, Sep 27:-- A New York judge on Tuesday ruled former U.S. President Donald Trump and his sons liable for fraud, saying they provided false financial statements for nearly a decade.
Judge Arthur Engoron found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
He ordered that some of Trump's business licenses be rescinded as punishment.
In the lawsuit, New York's Attorney General Letitia James alleged that Trump, three of his children and his companies submitted "grossly inflated" numbers to banks and insurers. She is seeking 250 million U.S. Dollars in penalties and a ban on Trump doing business in New York state.
Engoron is expected to hold a non-jury trial starting Oct. 2 before deciding on the claims and any punishments he may impose.
Trump has long insisted he did nothing wrong, and his lawyers had asked the New York judge to throw out the case ahead of the trial.
The ruling by the judge is a setback for Trump who is a frontrunner for the 2024 Republican presidential nomination.
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Trump elected Chair of the Kennedy Center
WASHINGTON: President Donald J. Trump was unanimously elected Chairman of the Board of the prestigious Kennedy Center in Washington, D.C.
The President stated, “It is a Great Honor to be Chairman of The Kennedy Center, especially with this amazing Board of Trustees. We will make Th....
Trump issues order to ensure U.S. diplomatic personnel follow his agenda
U.S. President Donald Trump issued an executive order on Wednesday to revamp the foreign service to ensure "faithful and effective implementation" of his foreign policy agenda.
The order said failure to implement the president's agenda is against professional discipline and may....
Black boxes from crashed plane found near US capital recovered: Report
WASHINGTON: The two black boxes have been recovered from the plane that crashed after colliding with a military helicopter near the US capital in Washington, D.C., a government agency said Thursday.
The cockpit voice recorder and flight data recorder was recovered from the Bombard....
18 bodies recovered from Potomac River in plane-helicopter collision near Reagan National Airport
WASHINGTON: Eighteen bodies have been recovered from the Potomac River following the collision of a passenger plane and an Army Blackhawk helicopter near the Reagan National Airport in Washington, D.C. on Wednesday, local media reported.
No survivors have been pulled out of the river into which the ....
Passenger jet collides with helicopter at Washington's Reagan Airport
WASHINGTON: A passenger jet collided with a helicopter on Wednesday while landing at Washington's Reagan National Airport, said the U.S. Federal Aviation Administration (FAA).
There is no information on casualties and the collision remains under investigation. A black hawk helicopter col....
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