Donald Trump hit where it hurts most in New York fraud ruling - BBC News

A scathing judgment limits the former president's ability to do business in the city where he made his name.

1 day agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Donald Trump built a real estate empire in Manhattan in the 1980sBy Nada TawfikBBC News, New YorkDonald Trump's latest legal loss hits him where it hurts most because it takes aim at his very identity.

For decades, he has marketed himself as a genius business mogul who made it big in one of the world's most cut-throat cities.

That image - forever tied to New York deal-making and reinforced by relentless self-promotion - catapulted him to international fame, allowing him to reinvent himself first as a reality TV star and then ultimately president of the United States.

But Judge Arthur Engoron's ruling in a civil fraud case - related to the inflation of property values and lying on financial statements to obtain better loan terms - undermines Mr Trump's entire narrative. It instead paints him as a fraud and inflicts a massive blow to his business empire and wealth.

Donald Trump once remarked that the mind can overcome any obstacle. But what an obstacle this is.

https://www.bbc.co.uk/news/world-us-canada-68323086

---