Post #6637 by commonone on the US Policy board

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Justice Arthur F. Engoron granted a partial summary judgment against the Trump Organization and 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Engoron ordered that some of Trump's business licenses be rescinded, making it difficult or impossible for them to do business in New York.

The decision by Justice Arthur F. Engoron precedes a trial that is scheduled to begin Monday, and will considerably smooth Attorney General Letitia James's path forward as she seeks a penalty of about $250 million.

Justice Engoron's decision narrows the issues that will be heard, effectively deciding that the trial was not necessary to find that Mr. Trump was liable and that the core of Ms. James's case was valid. It represents a major blow to Mr. Trump, whose lawyers had sought to persuade the judge to throw out many of the claims against the former president.

Trump still has a card or two to play but this is a major setback which may signal the beginning of the dissolution of the Trump Organization.

https://www.nytimes.com/2023/09/26/nyregion/trump-...

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