Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

Whiskey_iicarus@lemmy.world to politics @lemmy.world – 1058 points –
Judge rules Donald Trump defrauded banks, insurers as he built real estate empire
apnews.com

Judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, 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.

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if you run a red light, a cop won't throw you in jail for it. You'll get a fine, though.

Traffic violations such as that are considered civil offences, not criminal ones. Trump keeps being found guilty of federal crimes in civil courts. There's no way that someone less rich and powerful would get the same treatment.

You have a point. If I keep running red lights, even after paying fines and having my license suspended, I will be thrown in jail.

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