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Global News Podcast

US judge says Trump repeatedly inflated property values

Global News Podcast

BBC

News, Daily News

4.38.3K Ratings

🗓️ 27 September 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

A New York judge says the former US president Donald Trump exaggerated his net worth and asset values to get better loans. Also: Canada's Speaker resigns after inviting a man to parliament who had Nazi links, and Japanese scientists are developing a drug to grow new teeth.

Transcript

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0:00.0

From global current affairs to art, science and culture, the documentary from the BBC World Service

0:08.0

tells the world's stories, search for the documentary wherever you get your BBC podcasts.

0:15.0

This is the Global News Podcast from the BBC World Service.

0:21.0

I'm Nick Miles and in the early hours of Wednesday, the 27th of September, these are our main stories.

0:26.0

A judge in New York has ruled that Donald Trump committed fraud for years by repeatedly exaggerating his wealth.

0:33.0

The Speaker of Canada's Parliament has stepped down after he unwittingly praised a Ukrainian man who fought for the Nazis during the Second World War.

0:42.0

And an Israeli minister has become the first member of Israel's Cabinet to make a public visit to Saudi Arabia.

0:50.0

Also in this podcast.

1:03.0

Ouch, we hear about the growing market for tattoo removal.

1:10.0

We begin in the United States, where a judge in New York has ruled that the former US president, Donald Trump, committed financial fraud

1:17.0

when he was building his property empire. The judge, Arthur Angeram, said Mr Trump exaggerated his wealth by over $2 billion.

1:25.0

I spoke to the BBC's Peter Bowes in the US and asked him what else the judge had said.

1:30.0

This is a very serious case for the president, just to give you a little bit of the background.

1:34.0

It's part of a long term investigation into the Trump Organization and Donald Trump's business affairs in New York.

1:43.0

A case brought by New York's Attorney General, Petitia James, it's a civil law suit that law suit continues, at least continues in a courtroom as of next week.

1:54.0

But what the judge has decided in this summary judgment, which simply means that the judge believes that there is indisputable evidence for him to make a ruling outside of the framework of a trial inside a courtroom.

2:07.0

So the judge has essentially agreed with the allegations brought by the Attorney General that Mr Trump, in his business world,

2:15.0

as part of his property empire had been committing fraud over a number of years, he found that Mr Trump and his company deceived banks, insurers, others by massively overvaluing his assets.

2:29.0

Exaggerating his network, this is on the paperwork that he used in various deals, and significant that the judge believes that this goes further than just bragging about his riches.

2:40.0

He said this company, the Trump Organization, repeatedly lied about the financial affairs, and the judge said that these were tactics that crossed a line and violated the law.

2:52.0

So Peter, what are the implications of this both now and when it comes to trial, presumably a jury will then decide?

2:59.0

Yeah, well interestingly, this is a non-jury trial, so this is going to be in the presence of a judge, but maybe that's a small detail, but the implications right now from the ruling that we've just heard,

...

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