A far-left, Democrat judge in New York has ruled that he knows more about the value of the business empire of former President Donald Trump than his banks, business partners, accountants, employees, and insurers. Judge Arthur Engoron, a life-long leftist lawyer, ruled Tuesday that Trump and his company deceived people, even though two-page disclaimers were included in financial statements to make clear such valuations were internal estimates.
The trial against Trump will continue in October, with New York AG Letitia James using her position to attempt to fine Trump $250 million explicitly to harm his election campaign, and indeed ban him from doing business in New York.
Judge Engoron’s ruling is likely to cause a shockwave across New York in general, with many firms now likely to review how they handle their financial estimates and information if the government alongside the far left judiciary is left in charge of interpreting their finances.
The ruling sets the stage for a non-jury trial beginning on October 2, in which Engoron will decide on remaining claims and any potential punishments.
Trump’s lawyers argue there was no evidence of public harm caused by Trump’s actions, and that some of the allegations were even barred by the statute of limitations. The leftist judge refused to throw out the case.
UPDATE: Trump himself had some harsh words on the subject, as posted to Truth Social on Tuesday evening:
“I have been unfairly sued by the Trump Hating Democrat Attorney General of New York State, Letitia James, over the false fact that I inflated my Financial Statements in order to borrow money from Banks, etc. The Judge in the case, Arthur F. Engoron, refused to allow this case to go to the “Commercial Division,” where it belongs, because he is a Trump Hater beyond even A.G. James, who campaigned against me spewing horrible inflammatory statements which are False & Defamatory. I am not even allowed a Jury!
“The facts of this case are simple:
1) I AM WORTH MUCH MORE THAN THE NUMBERS SHOWN ON MY FINANCIAL STATEMENTS.
2) I DIDN’T EVEN INCLUDE MY MOST VALUABLE ASSET, MY BRAND.
3) THE BANKS WERE PAID BACK IN FULL, SOMETIMES EARLY, THERE WERE NO DEFAULTS, THE BANKS MADE MONEY, WERE REPRESENTED BY THE BEST LAW FIRMS, & WERE VERY “HAPPY.” THERE WERE NO VICTIMS!
4) ON THE FRONT PAGE OF THE FINANCIAL STATEMENTS THERE IS A STRONG “DISCLAIMER CLAUSE” TELLING ALL NOT TO RELY ON THESE FINANCIAL STATEMENTS. THE DISCLAIMER CLAUSE TELLS ANYONE REVIEWING THE DATA, INCLUDING FINANCIAL INSTITUTIONS, TO DO THEIR OWN RESEARCH AND ANALYSIS – IT IS A NON RELIANCE CLAUSE, AND COULD NOT BE MORE CLEAR. ADDITIONALLY TO MY BEING WORTH FAR MORE THAN IS SHOWN IN THE “FULLY DISCLAIMED” FINANCIAL STATEMENTS, AGAIN NOT PUTTING DOWN A VALUE FOR MY BIGGEST ASSET, BRAND, THE COMPANY HAS HUNDREDS OF MILLIONS OF DOLLARS IN CASH, AND VERY LITTLE DEBT.
It is a great company that has been slandered and maligned by this politically motivated Witch Hunt. It is very unfair, and I call for help from the highest Courts in New York State, or the Federal System, to intercede. THIS IS NOT AMERICA!”