International
Donald Trump found liable for fraud in New York civil case
Donald Trump found liable for fraud in New York civil case
A New York judge found Donald Trump and his family business fraudulently inflated the value of his properties and other assets, in a major defeat for the former U.S. president that could severely hamper his ability to do business in the state.
The scathing decision by Justice Arthur Engoron of New York state court in Manhattan will make it easier for state Attorney General Letitia James to establish damages at a scheduled Oct. 2 trial.
Engoron also ordered the cancellation of certificates that let some of Trump’s businesses, including the Trump Organization, operate in New York, and ordered the appointment of a receiver to manage the businesses’ dissolution.
The judge described how Trump, his adult sons Donald Jr. and Eric, the Trump Organization and other defendants made up valuations and inflated Trump’s net worth to suit their business needs.
“That is a fantasy world, not the real world,” Engoron wrote.
The judge also sanctioned the defendants’ lawyers for making “preposterous” legal arguments and fueling their clients’ “obstreperous” conduct.
Trump and the other defendants have argued that they never committed fraud, and that the challenged transactions were profitable. They plan to appeal Engoron’s decision.
“Today’s outrageous decision is completely disconnected from the facts and governing law,” Christopher Kise, a lawyer for Trump, said in a statement. “President Trump and his family will seek all available appellate remedies to rectify this miscarriage of justice.”
READ ALSO:
- How I will tackle inflation, naira, forex crises – CBN Gov, Cardoso
-
Ondo Assembly vows to continue impeachment process against deputy gov, despite court order
-
Osimhen’s agent threatens legal action against Napoli
James said she looks forward to presenting the rest of her case at trial.
“It’s a devastating ruling,” said Bill Black, distinguished scholar in residence for financial regulation at the University of Minnesota Law School. He said cancelling business certificates could hurt Trump’s ability to make money.
“If the decision is upheld, they have to liquidate the LLCs which actually hold the enormous bulk of the assets,” Black said, referring to limited liability companies.
Trump is seeking the Republican presidential nomination for 2024 and has maintained a commanding lead in the race despite the criminal charges he faces in multiple cases.
In a post on his Truth Social platform, Trump called accusations that he committed fraud “ridiculous and untrue,” and blasted Engoron as a “DERANGED” judge doing the bidding of James, a Democrat.
“This is Democrat Political Lawfare, and a Witch Hunt at a level never seen before,” Trump wrote. “If they can do this to me, they can do this to YOU!”
Trump has repeatedly asserted without evidence that indictments he faces are “witch hunts.”
NOT ‘IMMATERIAL’
James sued Trump in September 2022, accusing him, three of his adult children and the Trump Organization of lying for a decade about asset values and his net worth to defraud banks and insurers into providing better terms.
Engoron said James submitted “conclusive evidence” that Trump had overstated his net worth by between $812 million and $2.2 billion.
“Even in the world of high finance, this court cannot endorse a proposition that finds a misstatement of at least $812 million dollars to be ‘immaterial,'” he wrote.
READ ALSO:
-
Cultism: DSS grills Ogun LG chairman, 2 others over Sagamu killings
-
Mohbad: ‘I have no hand in his death’ – Naira Marley speaks on returning to Nigeria
-
BREAKING: Senate confirms Cardoso as CBN gov, deputies
The judge said Trump’s overvaluations included his Mar-a-Lago estate in Florida, his penthouse apartment in Manhattan’s Trump Tower, and various office buildings and golf courses.
He took particular issue with Trump’s claim that the penthouse was 30,000 square feet (2,787 square meters), nearly three times its actual size, resulting in an overvaluation of as much as $207 million.
“A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote.
The judge said Trump also grossly overvalued Mar-a-Lago, estimating it was worth as much as $612.1 million, though an assessor said its market value was no more than $27.6 million.
Engoron also chided Trump for offering defenses in a deposition that were “wholly without basis,” including that there was nothing wrong with how he valued properties in a given year if their values subsequently went up.
“He also seems to imply that the numbers cannot be inflated because he could find a ‘buyer from Saudi Arabia’ to pay any price he suggests,” the judge wrote.
SLEW OF LITIGATION
Engoron’s ruling comes three months after a state appeals court said that some of James’ claims were too old because statutes of limitations had expired in either July 2014 or February 2016.
READ ALSO:
- Kemi Olunloyo accuses MohBad’s wife of sleeping with Naira Marley, others
-
NURTW NEC releases guidelines for delegate conference
-
15-year-old student commits suicide in classroom
Engoron rejected Trump’s argument that the decision essentially gutted James’ lawsuit, which James has said reflected a series of “continuing wrongs” that she could prove at trial.
The appeals court dismissed one defendant, Trump’s daughter Ivanka, from the case.
Trump also faces a slew of other litigation.
He has pleaded not guilty to charges in four indictments accusing him of trying to overturn his 2020 election defeat by Democrat Joe Biden, hoarding classified materials, and covering up hush money payments to a porn star.
Trump also faces a January civil trial over damages he owes for defaming the writer E. Jean Carroll, who claimed he raped her. He has denied wrongdoing.
Engoron’s decision does not automatically mean James’ fraud case will go to trial next Monday.
Trump has sued to delay the trial, accusing Engoron and James of ignoring the appeals court order to narrow the case.
He and the other defendants have said this made it impossible to prepare for trial because they did not know which claims they would have to defend against.
The appeals court is expected to rule on the request for a delay this week.
Donald Trump found liable for fraud in New York civil case
Reuters
![]()
International
Hamas Accepts US-Backed Disarmament Plan as Trump Unveils Gaza Peace Roadmap
Hamas Accepts US-Backed Disarmament Plan as Trump Unveils Gaza Peace Roadmap
- A landmark agreement could reshape the future of Gaza, but Israel’s official response remains pending as key details hang in the balance.
In a significant diplomatic breakthrough, the Palestinian group Hamas has formally accepted a United States-backed proposal aimed at ending the 10-month-long war in the Gaza Strip. The agreement, unveiled by U.S. President Donald Trump, outlines a phased roadmap that includes the group’s complete disarmament and a gradual withdrawal of Israeli troops from the territory. The announcement, made on Friday, marks one of the most substantial developments since the October ceasefire. However, the deal remains conditional, and Israel has not yet issued an official response, leaving the international community in a state of cautious optimism.
Under the proposed framework, Hamas has agreed to surrender its weapons to the National Committee for the Administration of Gaza (NCAG) , a Palestinian governing body established under the Trump-administration-led Board of Peace initiative. The disarmament process is designed to be phased and verifiable, beginning with an initial phase where Hamas police forces are expected to hand over light weapons to the NCAG within the first two weeks. This would be followed by a second, more extensive phase lasting between 200 and 350 days, during which the full decommissioning of heavy weapons, tunnels, depots, and weapons production facilities would take place under strict international oversight. The roadmap follows a “zero trust” model, meaning each phase of disarmament must be independently verified before the next step of Israeli military withdrawal can proceed. Echoing this cautious approach, Nickolay Mladenov, the Board of Peace’s High Representative for Gaza, emphasized that “withdrawal must move in lockstep with decommissioning,” underscoring the need for synchronized and carefully monitored implementation.
For Hamas, the decision represents a difficult but necessary concession aimed at alleviating the suffering of Palestinian civilians. Ghazi Hamad, a member of the group’s negotiating team, described the move as a sacrifice made for the sake of the people in Gaza, to save them from continued killing and displacement. He further clarified that Israel will not intervene in the disarmament process, which will be solely managed by the NCAG. However, a senior Hamas official stressed that full implementation of the agreement depends on Israel fulfilling its prior commitments under the initial ceasefire, which include ending all military attacks, withdrawing forces to October 2025 positions, and significantly increasing humanitarian aid deliveries into the besieged territory.
READ ALSO:
- FG to phase out electricity subsidy from 2027 as power sector debts rise
- At least 43 migrants die as 49,000 cross into Spain’s Ceuta enclave
- Segun Aina assumes office as JAMB registrar, vows to protect examination integrity
As of this report, Israel’s government has not formally responded to the proposal, and its position remains a critical unknown. An Israeli political source indicated that the current framework does not “satisfactorily” address Israel’s core demand for the complete demilitarisation of the Gaza Strip. The source also reiterated that Prime Minister Benjamin Netanyahu’s recent meeting with President Trump in Washington did not include discussions on the Gaza conflict, casting doubt on the level of Israeli engagement with the plan. Another major sticking point is the so-called “Yellow Line” buffer zone, with an Israeli official insisting there would be no withdrawal from this area before Hamas is fully disarmed. Despite these reservations, the U.S. has expressed confidence that Israel will ultimately adhere to the 20-point plan, with one official noting that President Trump would be “very, very disappointed” if it did not.
The agreement was brokered by a coalition of international mediators, including Egypt, Qatar, and Turkey, who have been engaged in months of difficult negotiations. Egypt’s state-linked Al-Qahera News reported that Cairo is expected to host another meeting to advance discussions on the second phase of the truce, signaling continued diplomatic momentum. A diplomatic source familiar with the negotiations emphasized the roadmap’s commitment to unity and order, stating that “there will be no exceptions for certain weapons or certain people,” and that the goal is to establish “one authority, one law, one weapon.” The roadmap also includes a verification mechanism designed to monitor compliance by both parties, ensuring accountability and transparency throughout the entire process.
Despite the diplomatic progress, hostilities have persisted on the ground, underscoring the fragility of the current situation. Gaza’s health authorities reported that Israeli airstrikes on Thursday killed at least four people, including two children, even as negotiations advanced. The humanitarian situation in Gaza remains dire, with widespread displacement, acute food insecurity, and a collapsing healthcare system that has left thousands without access to basic medical care. The success of the agreement hinges not only on political will from all parties but also on tangible, on-the-ground improvements in the daily lives of Palestinian civilians, many of whom have been displaced multiple times since the conflict began.
The focus now shifts from negotiation to implementation, with the Board of Peace confirming in a post on X (formerly Twitter) that the NCAG will “soon begin a phased transition toward full authority.” Key milestones to watch include Israel’s official response to the proposal, which could shape the entire trajectory of the deal; the actual start of the weapons handover process; the deployment of an International Stabilization Force to work alongside a new Palestinian police force; and meaningful progress on humanitarian aid and reconstruction efforts that could help stabilize the region. Each of these steps carries significant weight and will be closely monitored by the international community.
This agreement represents a rare moment of compromise in a conflict marked by decades of violence and deep-seated mistrust. However, the path forward is fraught with challenges, and the “zero trust” approach reflects the profound suspicions that persist on both sides. Any misstep, whether a delay in weapons handover or a disagreement over troop withdrawal, could unravel the entire framework and plunge the region back into conflict. For now, the world watches and waits, with hopes pinned on a process that remains as fragile as it is historic. As Mladenov aptly put it, “What happens next matters even more. Implementation and verification have to be real.”
Hamas Accepts US-Backed Disarmament Plan as Trump Unveils Gaza Peace Roadmap
![]()
International
At least 43 migrants die as 49,000 cross into Spain’s Ceuta enclave
At least 43 migrants die as 49,000 cross into Spain’s Ceuta enclave
At least 43 migrants have died during a massive and chaotic attempt to enter Spain’s North African enclave of Ceuta from neighbouring Morocco, as tens of thousands of people crossed the border by land and sea.
Spanish authorities estimated that about 49,000 migrants entered Ceuta within 24 hours, creating an unprecedented pressure on the enclave’s security agencies, emergency services and reception facilities. The scale of the influx was significant for a territory with a population of about 80,000 people. (reuters.com)
Many of those attempting to reach Ceuta reportedly entered through coastal routes, with some swimming around border barriers from the Moroccan side. Others moved towards land crossings and border fences separating the Spanish territory from Morocco.
The large movement included men, women, children and families, according to reports from the area.
Authorities said several people died during the dangerous crossings, while emergency teams carried out rescue and recovery operations along the coastline.
The reported death toll has increased from the initial figure of 18 as authorities continued to assess the situation and recover bodies. The number may be subject to further updates as rescue and identification operations continue. (The Guardian)
READ ALSO:
- Segun Aina assumes office as JAMB registrar, vows to protect examination integrity
- Rivers police arrest 50-year-old man over alleged defilement of two minors
- Tyla drops Lagos from A*POP World Tour amid boycott calls, concert threats
Spanish and Moroccan authorities moved to contain the situation by reinforcing security around the border and coordinating efforts to prevent additional large-scale crossings.
Spain deployed additional security personnel to support the Civil Guard, while military units and armoured vehicles were positioned in areas around the border.
The Spanish government said it had regained control of the situation, with many of those who crossed into Ceuta returning to Morocco as authorities worked to restore normal movement around the enclave. (reuters.com)
Spanish Prime Minister Pedro Sánchez described the mass crossing as a serious challenge and called for coordinated action to protect the border while addressing the humanitarian consequences of the crisis.
The development has also drawn attention from European leaders, with concerns raised over border security, migration management and the safety of people attempting dangerous crossings. (The Guardian)
The cause of the sudden surge remains unclear.
Authorities are expected to examine whether misinformation, organised migration networks, economic pressures or other factors contributed to the unusually large movement towards Ceuta.
The crisis comes after Ceuta experienced increased migration pressure in the weeks leading up to the mass crossing. Spanish authorities had earlier reported a rise in the number of people attempting to enter the enclave by swimming from Morocco. (El País)
Ceuta and the nearby Spanish enclave of Melilla are located on the northern coast of Africa and share land borders with Morocco.
The two territories are among the main routes used by migrants seeking to enter Spain and, by extension, the European Union.
Migration attempts through the area have frequently resulted in deaths and injuries because of strong currents, difficult sea conditions, border barriers and overcrowding during large movements.
The latest incident has renewed calls for stronger cooperation between Spain and Morocco, improved border management and safer measures to protect people undertaking dangerous migration journeys.
Humanitarian groups have also stressed the need to ensure that people in vulnerable situations, including children and families, receive emergency assistance and access to appropriate protection.
Authorities are expected to provide further updates on the number of deaths, injuries, missing persons and people who remain in Ceuta as emergency and border-control operations continue.
At least 43 migrants die as 49,000 cross into Spain’s Ceuta enclave
![]()
International
Houthis Launch Missile at Saudi Arabia as Regional Tensions Escalate Amid US-Iran Strikes
-
Aviation2 days agoObi Must Apologise, Pay ₦25,000 or Face FAAN Action — Keyamo Issues Ultimatum
-
News3 days agoPolice detain Osun SSG, five others as ₦4.8m, voter cards are recovered
-
Politics2 days agoWhere Will Peter Obi’s Votes Come From? I Can’t See It – Keyamo Predicts Tinubu’s Landslide Victory
-
metro2 days ago‘We’ll Marry Beautiful Ones, Kill the Rest’ – Terrorists Reject N155m Ransom for 176 Kwara Captives
-
metro2 days agoGrand Chief Imam warns Bennylee against religious provocation, urges respect for judicial process
-
metro2 days agoIGP Redeploys Osun CP to Force Headquarters Ahead of August 15 Governorship Election
-
metro3 days agoSuspect admits hitting UNIJOS student with plank over missing phone
-
metro2 days ago42 Cows Die Mysteriously in FCT Community, Herder Collapses in Shock
