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Trouble For Trump After Justice Arthur Makes His Trial Case Hard

The name Trump has long been associated with controversy, and once again, it has taken center stage in a legal battle that has captured the attention of the nation.

At the heart of this controversy is Justice Arthur F. Engoron, a New York judge with affiliations with far-left organizations like the ACLU, whose recent ruling has sent shockwaves through the political and business landscapes.

Judge Engoron’s decision, rendered in September 2023, delved into the intricate world of business valuations, particularly focusing on former President Donald Trump’s business empire under the Trump Organization umbrella.

According to a report by AP news on Friday, September 29, 2023, The judge’s determination was clear: Trump had systematically overvalued his various businesses, despite the inclusion of two-page disclaimers that were routinely filed with financial statements, explicitly indicating that these valuations were internal estimates made in good faith.

This ruling, however, was not an isolated legal event but rather a prelude to a larger legal battle. It opened the door for a trial scheduled for October, a case brought forward by New York Attorney General Letitia James.

James sought an eye-popping $250 million in damages in this civil case, an amount that Trump and his supporters viewed as an attempt to tarnish his political campaign and permanently bar him from engaging in business activities in the state of New York.

Judge Engoron’s ruling, with its implications reaching beyond the immediate parties involved, has sent ripples through the financial world.

The ruling has raised concerns about the extent of government involvement and oversight in interpreting businesses’ finances, especially when coupled with a perception of a far-left judiciary.

In the face of this legal firestorm, Trump’s legal team stood defiant, vigorously contesting the allegations.

They argued that there was no concrete evidence of public harm stemming from Trump’s actions and contended that some of the claims should be dismissed due to the statute of limitations.

However, their efforts to have the case dismissed were thwarted by Judge Engoron, whom some believed harbored political biases against Trump.

Unsurprisingly, Trump did not remain silent in the face of these allegations. He took to his Truth Social platform, an outlet he had embraced for communicating directly with his supporters, to voice his frustration and denounce the lawsuit.

Trump portrayed the lawsuit as a politically motivated attack and criticized Judge Engoron for his refusal to move the case to the “Commercial Division,” a move he deemed more appropriate.

Beyond the legal proceedings, this controversy spilled over into the realm of social media.

Videos and posts circulated, with some making unverified claims that Judge Engoron had been consuming alcohol during a remote court hearing.

These allegations added fuel to an already fiery situation, further polarizing public opinion on the case.

Critics of Judge Engoron did not hesitate to highlight his political affiliations, pointing out his registration as a Democrat and his associations with the ACLU and the Women’s Bar Association.

They argued that the judge had seized the opportunity presented by this case to belittle and criticize Trump and his legal team.

Trump firmly asserted that his true worth far exceeded the numbers displayed on his financial statements.

He contended that he had purposefully excluded his most valuable asset, his brand, from these valuations.

Trump emphasized that all loans from banks had been repaid in full, often ahead of schedule, with no defaults.

He further argued that the banks had profited from these transactions, as they were represented by top law firms and had suffered no financial losses.

The former president drew attention to the prominent “disclaimer clause” on the front page of the financial statements.

He stressed that this clause explicitly discouraged reliance on the provided financial data and encouraged independent research and analysis.

Additionally, Trump highlighted the considerable cash reserves held by his company, coupled with minimal debt.

ASHLIE BLAKEY
ASHLIE BLAKEYhttps://tosbos.com/
Ashlie is a senior reporter for the TosBos News. She covers live and breaking news from 6 am every day. Ashlie joined the M.E.N. in 2019 having previously worked for Cavendish Press news agency.
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