Donald Trump submitted 'fraudulent valuations' for assets used to secure loans, judge rules

📆 9/26/2023 11:52 PM
📰 ABC

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Donald Trump submitted 'fraudulent valuations' for real estate that were then used by himself and his business to obtain better loan and insurance terms, a judge decided.

In this June 24, 2023, file photo, Republican presidential candidate and former President Donald Trump speaks at an event in Washington, D.C.submitted "fraudulent valuations" for assets that were then used by himself, his eldest sons and his business to obtain better loan and insurance terms, a judge in New York decided Tuesday.

The judge's determination came as he granted partial summary judgment in New York Attorney General Letitia James'The judge cites "false and misleading square footage" of Trump's Fifth Avenue apartment among other faulty valuations. In this June 24, 2023, file photo, Republican presidential candidate and former President Donald Trump speaks at an event in Washington, D.C.The judge said Trump and the other defendants have a "propensity to engage in persistent fraud," severely undercutting the defense Trump will offer when the case goes on trial next month.

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