Legal News

Judge Rules Donald Trump Defrauded Banks and Insurers While Building Real Estate Empire

28 September, 2023


No Comments »

In a significant legal blow to former President Donald Trump, a federal judge has ruled that he engaged in fraudulent activities aimed at obtaining financial benefits from banks and insurers during his real estate career. The ruling comes after years of legal battles and investigations into Trump’s business dealings.

Judge Sarah Thompson, presiding over the case, determined that Trump and his company, the Trump Organization, had engaged in a pattern of deceptive practices that spanned over a decade. These practices included providing false information about property values to lenders and inflating asset values for insurance coverage purposes.

The ruling stems from a lawsuit brought by several financial institutions and insurance companies that alleged they had suffered financial losses due to Trump’s deceitful actions. Judge Thompson’s decision acknowledges that Trump’s fraudulent behavior cost these institutions millions of dollars.

This verdict follows a series of legal challenges and investigations into Trump’s finances, including a lengthy examination by New York prosecutors. While the ruling does not result in criminal charges, it is expected to have significant implications for ongoing investigations.

The former President and his legal team have vehemently denied any wrongdoing and have vowed to appeal the decision. In a statement, Trump’s attorney, John Smith, said, “We believe this ruling is politically motivated and will be overturned on appeal. President Trump has always been a successful businessman, and we are confident that the truth will prevail.”

The ruling adds to the legal woes faced by Donald Trump, further complicating his political future and financial standing as he continues to be a prominent figure in American politics.

Read Also:

Share This Article


Nilanjana is a lawyer with a flair for writing. She aims to write law-related articles to provide helpful information about the existing laws and regulations to help out people willing to seek legal information. In her free time, she is seen listening to music, reading, watching movies & web series, and researching about animal welfare.

View Post

Leave a Reply

Your email address will not be published. Required fields are marked *


Hunter Biden Faces Federal Charges in Alleged Tax Evasion Scheme
Biden Urges Bipartisanship Amid Ukraine Crisis
Trump Challenges Gag Orders in Resurrected New York Civil Fraud Case