Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Donald Trump Found Liable For Defrauding Banks, New York Judge Rules
deadline.comFormer President Donald Trump was found liable for defrauding banks, as a New York judge ruled that he and his companies overvalued assets and his net worth as he sought financing.
The ruling from New York Judge Arthur Engoron — read the decision — was in a case brought by New York Attorney General Letitia James.
She filed a civil fraud lawsuit last year against Trump, his companies and two of his children. James alleged a scheme over 10 years to engage in fraudulent practices that benefited the Trumps and the company to the tune of $250 million.
Engoron wrote that “the documents here clearly contain fraudulent valuations that defendants used in business, satisfying [the attorney general’s] burden to establish liability as a matter of law against defendants.
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