From The NY Times:
Donald J. Trump went on trial Monday in a New York courtroom facing a threat to the business empire that informed his public persona and undergirded his run for the White House.
The trial stems from a lawsuit brought last year by New York’s attorney general, Letitia James, accusing Mr. Trump and other defendants, including two of his adult sons and his companies, of fraudulently inflating the value of their assets to obtain favorable loans and insurance deals.
The judge in the trial, Arthur F. Engoron, has already found that Mr. Trump and the other defendants were liable for fraud, and that the annual financial statements on which they listed their assets were filled with examples of such misconduct. [Emphasis added.]
Oh dear.