Beyond mere bragging

Trump ruled a fraud.

A judge ruled Tuesday 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 in a civil lawsuit brought by New York Attorney General Letitia James, 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.

Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee the Trump Organization’s operations.

Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance costs, Engoron found.

Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.

Engoron found that Trump consistently overvalued Mar-a-Lago on his financial statements between 2014 and 2021, inflating its value on one statement by 2,300%, and rebuked him for lying about the size of his Trump Tower apartment in Manhattan. Trump claimed the three-story penthouse was nearly three times its actual size, valuing the property at $327 million.

Thoughts about dick measurements inevitably intrude.

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