Donald Trump has claimed responsibility for “repeated” financial “frauds” ahead of his civil trial

This decision comes as the former US president and his children will face a civil trial next October in New York on suspicion of fraudulent tax practices within the Trump Organization.

A New York judge declared Donald Trump and two of his sons responsible for repeated financial “frauds” in the 2000s in valuing the assets of the Trump Organization, just days before his civil trial, several US media outlets including CNN.

In this case, New York State Attorney General Letitia James, who filed a complaint, specifically seeks $250 million in financial damages and a ban on the former president and his relatives from running companies.

“Repeated violations” of the law

In his decision, Judge Arthur Engoron considers Donald Trump, who dreams of reoccupying the White House in 2024, and his two children, executive vice presidents of the Trump Organization, “responsible” for “repeated violations” of the law.

He adds that the documents presented by the Attorney General “clearly” show “fraudulent valuations” by Donald Trump of the group’s assets, and a myriad of companies ranging from residential real estate to luxury hotels and other golf clubs.

The New York State Attorney General accuses the Republican billionaire and his children of “inflating” this legacy by billions of dollars in order to obtain, among other things, more interest-free loans from banks from 2011 to 2021.