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Trump committed fraud by inflating value of assets: judge

A New York judge ruled that Donald Trump and his sons Eric and Don Jr committed fraud by inflating the value of Trump Organization’s assets for years, a setback for the former president.

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NEW YORK, UNITED STATES — Donald Trump and his sons Eric and Don Jr committed fraud by inflating the value of the real estate and financial assets of the Trump Organization for years, a New York judge ruled on Tuesday.

The ruling by Judge Arthur Engoron is a setback for the former president ahead of a trial in the civil case due to begin on Monday and a partial victory for New York state Attorney General Letitia James.

James has accused Trump, his two eldest sons and other Trump Organization executives of lying to tax collectors, lenders and insurers for years in a scheme that routinely exaggerated the value of their properties.

Trump’s lawyers had asked the judge to throw out the case ahead of the trial by granting what is known as a summary judgment in his favor.

James had also asked for a summary judgment, however, seeking that Trump be found liable ahead of the trial and the judge sided with the attorney general.

In addition to finding that Trump and his sons committed fraud, the judge also revoked the business licenses that allowed the Trump Organization to operate some of its New York properties.

James is seeking US$250 million in penalties and the removal of Trump and his sons from management of the family empire, the Trump Organization.

James claims that Trump and his associates submitted “grossly inflated” numbers to banks and insurers each year between 2011 and 2021 “to secure and maintain loans and insurance on more favorable terms.”

They allegedly fraudulently overvalued the net worth of Trump company assets by billions of dollars, resulting in “hundreds of millions of dollars in ill-gotten savings and profits.”

James has alleged that the overvaluation of Trump’s assets was between US$1.9 billion and US$3.6 billion per year.

‘Fantasy world’

In his ruling, Engoron accused Trump, who gave a sworn deposition in the case, and his attorneys of “reliance on bogus arguments.”

“In defendants’ world: rent-regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land,” the judge said. “This is a fantasy world, not the real world.”

Among the properties falsely overvalued — by between US$114 million to US$207 million — was Trump’s apartment in Manhattan’s Trump Tower, whose square footage was given as 30,000 square feet when it is actually 10,996 square feet.

“A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” the judge said.

Trump, the frontrunner for the 2024 Republican presidential nomination, has denounced the case as a “witch hunt,” calling James, who is a Democrat and Black, “racist.”

In January, the Trump Organization was fined US$1.6 million by a New York judge in a criminal tax and financial fraud case.

The 77-year-old twice-impeached Trump also faces federal criminal charges for the mishandling of classified documents and conspiracy charges for trying to overturn the 2020 election results.

He also faces charges in New York for alleged hush money payments to a porn star and in Georgia for pressuring officials to overturn Joe Biden’s 2020 presidential election victory in the southern state.

Trump was also found liable in a civil trial in May for sexually abusing a onetime magazine columnist in 1996 and for defaming her in comments made last year.

— AFP

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Explosions on Hezbollah pagers in Lebanon leave nine dead and thousands injured

A series of explosions targeting Hezbollah members’ pagers in Lebanon killed at least nine people and wounded 2,750 others. Hezbollah blamed Israel for the sophisticated attack, which escalated ongoing tensions between the two, amid ongoing cross-border conflict.

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Explosions on Hezbollah pagers in Lebanon leave nine dead and thousands injured

Explosions targeting pagers used by Hezbollah members in Lebanon on Tuesday (17 Sept), resulted in at least nine deaths, including an 8-year-old girl, and approximately 2,750 injuries, with 200 being critical.

Most injuries were to the face, hands, or abdomen.

It is reported that eight of the deceased were Hezbollah members.

The group confirmed that at least two of its members were killed, one of whom was the son of a Hezbollah parliament member.

Hezbollah later announced that six additional members had died, though specific details were not provided.

The explosions occurred across multiple regions in Lebanon and affected several Hezbollah members.

Iranian Ambassador to Lebanon, Mojtaba Amani, was among those injured but sustained only minor injuries and remains under observation in a Beirut hospital.

Hezbollah and the Lebanese government have accused Israel of orchestrating a sophisticated remote attack.

According to an American official, Israel informed the United States that the operation involved detonating small amounts of explosives concealed within the pagers.

The Israeli military has declined to comment on the attack.

Tensions between Israel and Hezbollah have been high, particularly following the 7 October attack by Hamas that intensified the Gaza conflict.

The pagers involved were reportedly procured by Hezbollah following a February directive from its leader to stop using cellphones, which are more easily tracked by Israeli intelligence.

The pagers were acquired from Taiwanese company Gold Apollo but were tampered with before arriving in Lebanon.

Gold Apollo confirmed that its AR-924 pagers were used but stated they were produced and sold by a company called BAC.

The explosive material, embedded next to the battery in each pager, was triggered remotely by a message that appeared to come from Hezbollah’s leadership.

The pagers were programmed to beep for several seconds before detonating.

Hezbollah has accused Israel of carrying out this attack and promised retaliation.

Lebanese Information Minister Ziad Makary condemned the explosions as an “Israeli aggression.”

Hezbollah warned that Israel would face “just punishment” for the attack.

“We hold the Israeli enemy fully responsible for this criminal aggression that also targeted civilians,” Hezbollah said.

Independent cybersecurity experts have indicated that the explosions were caused by small explosive charges implanted in the pagers.

Mikko Hypponen of WithSecure noted that the size and strength of the explosions suggested modifications to the devices.

“These pagers were likely modified in some way to cause these types of explosions — the size and strength of the explosion indicates it was not just the battery.”

Israeli cybersecurity analyst Keren Elazari described the attack as targeting Hezbollah’s vulnerabilities.

The pager bombings are likely to heighten Hezbollah’s concerns about security and communications as the conflict with Israel continues.

“This attack hit them in their Achilles’ heel because they took out a central means of communication,” Ms Elazari said.

“We have seen these types of devices, pagers, targeted before but not in an attack this sophisticated.”

The ongoing exchanges of fire between Israel and Hezbollah have resulted in numerous casualties and displacement on both sides.

Jeanine Hennis-Plasschaert, the UN Special Coordinator for Lebanon, condemned the attack and expressed concern about the escalating violence in an already volatile situation.

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Attack on Hezbollah pagers injures hundreds across Lebanon, including Iran’s ambassador

Hundreds were injured in explosions across Lebanon on 17 September, targeting pagers used by Hezbollah members. Iran’s ambassador to Lebanon, Mojtaba Amani, was among the wounded.

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Hundreds of people were injured on 17 September 2024, in an attack targeting pagers used by Hezbollah members in Lebanon.

The explosions affected multiple regions, with dozens of Hezbollah members reportedly wounded.

Iranian Ambassador to Lebanon, Mojtaba Amani, was among those injured, according to Iranian state media, suffering a superficial injury. He remains under observation in a Beirut hospital, per IRNA.

The Lebanese Ministry of Health has issued urgent warnings to citizens to discard pager devices and instructed hospitals to be on “high alert.”

The ministry also called for blood donations due to the large number of casualties being transferred to hospitals. The explosions primarily impacted Hezbollah strongholds, including the southern suburbs of Beirut and the Beqaa valley towns of Ali Al-Nahri and Riyaq.

The blasts are believed to be the result of “hacked” pager devices, according to Lebanon’s Internal Security Forces and the state media outlet NNA.

In addition to Ambassador Amani, two Iranian embassy employees were injured, as reported by Iran’s semi-official Fars news agency.

Footage from CCTV and social media showed the severity of the blasts. In one clip, a man in a supermarket was caught in an explosion, dropping to the ground in pain. Other videos from Lebanese hospitals depicted the overwhelming number of injured, including children with facial and hand injuries.

The Israeli military, which has engaged in conflict with Hezbollah amid the ongoing Gaza war since October 2023, declined to comment on the incident.

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