Trump Basically Just Lost the New York Bank Fraud Case Before It Even Started

November 12, 2023

The Trump Organization and its sister companies will be sent into receivership to be under the control of a court-appointed officer. In his 35-page opinion, Justice Arthur F. Engoron tore apart what he called the Trump family’s “bogus arguments” and obstreperous conduct. AG Letitia James seeks to punish them all for routinely lying about property values to score better deals. Engoron decided against that, rejecting the Trumps’ request to dismiss the case entirely and the AG’s request to have a trial solely on damages. He brushed off the Trumps’ attempt to whittle down the lawsuit ahead of a trial that could drain the wealthy family’s bank accounts.