Trump rails against New York judge for ruling he lied about his wealth for years and committed FRAUD by submitting false valuations to secure loans – as he says claims are ‘ridiculous and untrue’

  • Judge Arthur Engoron’s ruling came in Summary Judgment phase
  • James found that the former president and his company deceived banks, insurers and others 
  • READ MORE: Trump demands judge REJECT gag order as ‘an obvious attempt by Biden to silence a political opponent’ 

Donald Trump has lashed out against a New York judge for ruling that he lied about his wealth for years and committed fraud by submitting false valuations to secure loans. 

Judge Arthur Engoron ruled that Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, after prosecutors charged he inflated property valuations with lenders and diminished them with tax authorities.

In reaction, the former president took to Truth Social to say it was ‘a very sad day for the New York State System of Justice’. 

The civil trial begins October and could run through the end of the year, as Trump continues to lead the GOP field for the Republican presidential nomination. 

The ruling Tuesday came in a civil lawsuit brought by James, even as Trump faces multiple criminal indictments in multiple jurisdictions related to his election overturn effort and other matters.

Engoron is slated to hold a non-jury trial starting Oct. 2 before deciding on those claims and any punishments he may impose. James is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state. The trial could last into December, Engoron has said.

Trump’s lawyers had asked the judge to throw out the case, which he denied.