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A r u b a ’ s O N L Y E n g l i s h n e w s p a p e r
Aruba’s ONLY English newspaper
Judge rules Donald Trump defrauded banks, insurers while building

real estate empire

By MICHAEL R. SISAK
Associated Press
NEW YORK (AP) — A judge ruled Tuesday that Donald
Trump committed fraud for years while building the real
estate empire that catapulted him to fame and the
White House. Judge Arthur Engoron, ruling in a civil lawsuit
brought by New York's attorney general, found that the
former president and his company deceived banks, in-
surers and others by massively overvaluing his assets and
exaggerating his net worth on paperwork used in mak-
ing deals and securing financing. Engoron ordered that
some of Trump's business licenses be rescinded as punish-
ment, making it difficult or impossible for them to do busi-
ness in New York, and said he would continue to have an
independent monitor oversee the Trump Organization's
operations. A Trump spokesperson did not immediately
respond to a request for comment on the ruling. Trump
has long insisted he did nothing wrong.
The decision, days before the start of a non-jury trial in
Attorney General Letitia James' lawsuit, is the strongest
repudiation yet of Trump's carefully coiffed image as a
wealthy and shrewd real estate mogul turned political
powerhouse. Former President Donald Trump pauses before ending his remarks at a rally in Summerville, S.C.,
Continued on Page 2 Sept. 25, 2023.
Associated Press