A judge delivered a ruling on Tuesday, stating that former President Donald Trump, along with his company, has been found guilty of committing fraud during the construction of his real estate empire.
This information has been reported by The Associated Press as well as other outlets, such as The Daily Caller.
The Democratic Attorney General of New York State filed a lawsuit against former President Donald Trump, Which was initiated in September 2022, and accuses Trump of engaging in fraudulent activities during his tenure in the real estate industry.
In the recent ruling, Judge Arthur Engoron has found that the former president and his business have been found guilty of exaggerating his net worth and manipulating his assets.
These actions were deemed deceptive, as they are thought to have misled banks and insurance companies during various business operations.
NEW: If I am reading this right, Judge Engoron has found that Donald Trump committed fraud and has ordered the cancellation of all of his New York business certificates and the dissolution of the Trump Organization. pic.twitter.com/k2nRcK3L37
— Andrew Feinberg (@AndrewFeinberg) September 26, 2023
The lawsuit filed by New York's attorney general includes six additional claims. The AP reported that Engoron is anticipated to rule on these claims after holding a bench trial on October 2.
The state's attorney general is reportedly requesting a prohibition on Trump conducting business in New York as well as $250 million in fines.
The most recent indictment occurred in August after a grand jury determined the former president and some of his associates should be indicted for allegedly attempting to overturn the results of the presidential election in Georgia in 2020.
The other indictments surrounding Trump concentrate on charges relating to his alleged actions on Jan. 6, alleged hush money paid out to former porn star Stormy Daniels and documents kept at Mar-a-Lago.
Trump previously stated that he would "absolutely" testify in the case involving the 30 accusations brought against him for allegedly storing classified documents at his Mar-a-Lago estate.
“I don’t talk about anything. You know why? You know why? Because I’m allowed to do whatever I want," Trump said during a recent interview.
"I come under the Presidential Records Act. I’m not telling you. You know, every time I talk to you, ‘oh, I have a breaking story.’ I come under the Presidential Records Act. I’m allowed to do everything I did.”
When questioned specifically if he would testify in his own defense, the former president said, “Oh, yes, absolutely ... I look forward to. Because that’s just like Russia, Russia, Russia, that’s all the fake information from Russia, Russia, Russia."