Wholly Without Basis in Law or Fact

A New York Judge rules that Trump repeatedly committed fraud and is liable for defrauding banks and insurers for inflating his net worth by billions to secure fraudulent business loans.

Trump can lie to his supporters, but there are real world consequences for lying to the courts and committing financial fraud. Justice Arthur Engoron has ruled that Trump, two of his children and two company executives are liable for submitting fraudulent business statements and has ordered the cancellation of Trump's business certificates. The judge has also sanctioned Trump and his attorneys for repeating "frivolous arguments," and sworn depositions that are "wholly without basis in law or fact.”