Donald Trump was found liable for fraud for exaggerating his net worth by billions of dollars a year on financial records submitted to banks and insurers, a major blow to the former president in the biggest civil case against him that is scheduled to go to trial next week.

The ruling Tuesday by Justice Arthur Engoron in Manhattan resolves the state’s biggest claim against the former president and narrows a trial set to start as soon as Oct. 2. The non-jury trial will now focus on the state’s remaining claims including falsifying business records and issuing false financial statements. The suit seeks $250 million in restitution and other penalties.

Engoron held that New York Attorney General Letitia James, who filed the suit in September 2022, had demonstrat

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