Ex US President, Donald Trump today appeared voluntarily in a civil suit that could cost him and his sons control of their family business empire.
Last week, Judge Arthur Engoron ruled in favor of New York Attorney General Letitia James, finding that Trump and his sons had grossly inflated the size and value of Trump Organization real estate and financial assets, in what James had called a pattern of persistent and repeated fraud.
Engoron found that Trump and his sons lied to tax collectors, lenders and insurers, regularly inflating the value of their holdings by $812 million-$2.2 billion from 2014 to 2024.
Should the Engoron’s ruling be upheld upon appeal, Trump could lose control of properties such as Trump Tower.
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