Former US President Donald Trump is guilty of fraud after years of exaggerating the value of his assets, defrauding banks and investors.
That’s what a judge has concluded in a civil case in the state of New York.
According to Reuters, Trump was accused of inflating his assets by more than $3 billion in his reports to banks and insurance companies in order to get better loans and cheaper insurance.
Assets whose value has been exaggerated include his Mar-a-Lago property in Florida, golf courses, a New York apartment and office properties.
Donald Trump has not commented on the verdict.