Trump was found guilty of fraud in a case involving fraudulent reporting.

Bloomberg writes about this. A New York judge has ruled that Donald Trump is liable for fraud for exaggerating his wealth by billions of dollars a year in financial statements submitted to banks and insurers.

The ruling Tuesday by Judge Arthur Engoron in Manhattan resolves the state’s largest case against the former president and narrows a trial that was scheduled to begin as early as Oct. 2, while also making the state’s claim for $250 million in damages feasible.

Trump, who argues that the lawsuit by New York Attorney General Letitia James, a Democrat, is politically motivated and is likely to appeal the decision.