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Read the full decision in Trump’s New York civil fraud case
The judge overseeing the civil fraud case in New York against former President Donald Trump and the Trump Organization has issued his long-awaited ruling, five weeks after the trial in the case concluded.
New York Attorney General Letitia James brought the civil suit in 2022, seeking a penalty that grew to $370 million and asking the judge to bar Trump from doing business in the state. Trump, the Trump Organization and several executives, including his two eldest sons, Donald Jr. and Eric Trump, were named as co-defendants in the suit.
Judge Arthur Engoron handed down his decision Friday. He had already ruled in September that Trump and the other defendants were liable for fraud, based on the evidence presented through pretrial filings.
The judge had largely affirmed James’ allegations that Trump and others at his company had inflated valuations of his properties by hundreds of millions of dollars over a the course of a decade and misrepresented his wealth by billions in a scheme, the state said, intended to trick banks and insurers into offering more favorable deal terms.
Trump and his legal team long expected a defeat, with the former president decrying the case as “rigged” and a “sham” and his lawyers laying the groundwork for an appeal before the decision was even issued. He is expected to appeal.
Read Judge Engoron’s decision here:
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The IRS said Friday it is sending a total of $2.4 billion in “special payments” to 1 million people, part of an effort to ensure that Americans who didn’t receive all of their federal stimulus checks during the pandemic will get the money in their bank accounts.
The payments will vary by person, with a maximum amount of $1,400 per recipient, the agency said in a statement.
“To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it,” IRS Commissioner Danny Werfel said in a statement.
Who will get a payment from the IRS?
The tax agency said it’s disbursing the funds after reviewing internal data that showed many people had filed tax returns but yet didn’t claim what is known as the “recovery rebate credit” in 2021.
That credit was designed for people who didn’t get all or some of the stimulus checks when they were issued during the pandemic. Lawmakers authorized three stimulus payments, with two sent in 2020 and a third in 2021.
Most taxpayers who were eligible for the stimulus payments have already received them directly, or later through the recovery rebate credit.
Do you need to apply for the IRS payment?
No. The IRS said it’s sending the payments automatically to about 1 million people who filed tax returns and who qualified for the recovery rebate credit yet didn’t claim it. The agency will send a letter to recipients to let them know they will receive the payment.
When will the IRS send the payments?
The tax agency said the checks will be sent in December, with most of the payments arriving by late January 2025.
The money will either be automatically direct deposited to the recipient’s bank account or will arrive in the mail via a paper check.
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