The Justice’s decision is a near total defeat for the former US president.
Former president Donald Trump has been accused of lying about asset values and his net worth.
Engoron also ordered the cancellation of business certificates for the Trump Organization and other corporate defendants, and sanctioned Trump’s lawyers for contributing to their clients’ “obstreperous” conduct and making “preposterous” legal arguments during the case.James sued Trump in Sept 2022, accusing him, his adult children and the Trump Organization of lying for a decade about asset values and his net worth to get better terms on bank loans and insurance.
Engoron said James had established liability for false valuations of several properties, including Mar-a-Lago and the penthouse. “He also seems to imply that the numbers cannot be inflated because he could find a ‘buyer from Saudi Arabia’ to pay any price he suggests.”Engoron ruled three months after a state appeals court said some of James’ claims were too old because statutes of limitations had expired in either July 2014 or February 2016.
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