Feb 16, 2024 - 19:01
By cnbc.com

Judge expected to issue ruling in Trump business fraud trial Friday

New York Attorney General Letitia James accused former President Donald Trump, his company and others of fraudulently inflating Trump's assets to boost his net worth and get financial perks.
Manhattan Supreme Court Judge Arthur Engoron had found Trump and his co-defendants liable for fraud before the case went to trial.
Trump is the clear front-runner for the Republican presidential nomination, setting up a likely rematch with President Joe Biden.

A judge could deliver a hammer blow to Donald Trump and his company when he issues a decision in the New York civil trial accusing the former president of years of business fraud.

The ruling from Manhattan Supreme Court Judge Arthur Engoron is expected to be announced Friday afternoon. Engoron will deliver the ruling, as the trial was held without a jury.

The explosive trial stemmed from New York Attorney General Letitia James' lawsuit accusing Trump, his two adult sons, his company and top executives of fraudulently inflating Trump's assets to boost his stated net worth and obtain various financial perks.

Friday's decision would be the latest court-ordered punishment imposed on Trump, who is running for president while dealing with numerous criminal and civil lawsuits. Last month, a jury in a separate civil case in New York federal court ordered Trump to pay $83.3 million for defaming writer E. Jean Carroll when he responded to her claim that he had raped her in the mid-1990s.