New York judge finds Trump liable for fraud

Anderson Cooper 360

CNN

News

4.1 • 3.7K Ratings

🗓️ 27 September 2023

⏱️ 48 minutes

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Summary

A New York judge says former President Trump and his oldest sons are liable for fraud after providing false financial statements for roughly a decade. The judge's decision comes days before the former president and the New York attorney general's office is set to go to court for a civil trial. Trump has argued he didn't inflate the values of his golf courses, hotels and homes at Mar-a-Lago and Seven Springs on financial statements that were repeatedly used in business. Investigative reporter and Syracuse University law professor David Cay Johnston explains to AC360 what this means for the Trump Organization and if they can operate their businesses in New York state. Plus, Senate leaders have reached a bipartisan deal for a short-term spending bill to keep the government funded and avoid a shutdown. There's still no guarantee that it will pass in the Republican majority House, where there are deep divisions. Democratic Rep. Mikie Sherrill tells Anderson Cooper how confident she is that a government shutdown can be avoided.

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Transcript

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0:00.0	Tonight on 360 in a move that could lead to the end of the Trump Organization as we know
0:05.5	it, a judge finds the former president, his son's Eric and Don Jr. libel for years of
0:10.5	fraud on a massive scale.
0:12.8	Also, tonight, Capitol chaos, House Republicans doing one thing to send it doing another
0:16.7	and everything up in the air with the government shutdown now just five days away.
0:21.1	And later, a view you haven't seen before, inside a New York migrant shelter, part of
0:24.7	a system of authorities say, is strained to the breaking point.
0:28.1	Good evening.
0:29.1	Thanks for joining us.
0:30.1	We begin tonight with breaking news.
0:31.1	And New York judges determination that Donald John Trump, with the help of his sons,
0:34.5	Eric and Don Jr. built his business empire on fraud.
0:39.0	That's in the wake of another judge finding that he also sexually assaulted writer E.
0:42.2	Jin Carol.
0:43.2	And it's all in, of course, addition to four state and federal indictments on 91 fell
0:46.8	in accounts in New York, Georgia, Florida, and the District of Columbia.
0:51.4	Today's summary fraud judgment essentially amplifying, underscoring, and laying out in
0:55.6	great detail, would former Trump attorney and fix your Michael Cohen famously admitted
0:59.8	in congressional testimony back in 2019.
1:04.6	To your knowledge, did the president or his company ever inflate assets or revenues?
1:12.7	Yes.
1:13.7	And was that done with the president's knowledge or direction?
	...

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