Trump’s documentary evidence proved fraud
Released On 8th Mar 2024
The conclusion of the trial into former President Trump’s ‘art of the deal’ approach to business ended this month with him being handed a $354.9 million fine and a three-year ban on serving as an officer or director of any New York corporation or entity.
In addition, Donald Trump Jr and Eric Trump, the former president’s two sons who run the Trump Organization, were ordered to pay $4 million each in fines.
Meanwhile, Allen Weisselberg, the former chief financial officer of the Trump Organization, was fined $1 million.
The original lawsuit brought by New York Attorney General Letitia James accused Mr Trump and his family businesses of overstating his net worth by as much as $3.6 billion a year, over a decade, to fool bankers into giving him better loan terms.
Throughout the trial, Justice Engoron cited extensive evidence to underscore his final ruling.
According to the judge, documented evidence amounting to millions of pages of financial statements and communications showed that Mr Trump had committed fraud.
In fact, in his 92-page ruling, Justice Engoron says that ‘the frauds found here leap off the page and shock the conscience’.
Roger Isaacs, Forensic Partner at Milsted Langdon, said: “Finding documentary evidence is key in any fraud investigation. In this case, according to the judge, Mr Trump falsified business records and financial statements, allowing him to obtain bank loans and insurance policies at rates to which he would otherwise not have been entitled, meaning he ‘reaped hundreds of millions of dollars in ill-gotten gains.’
“It sounds like the evidence was so stark in this case that it might not even have been necessary to employ forensic accountants!”
Sources: Guardian
