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Could Trump lose his business empire in New York fraud case?

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Could Trump lose his business empire in New York fraud case?

Former US President Donald Trump could be banned from the real estate business in New York, a potentially devastating blow to his real estate empire that catapulted him to fame long before winning the White House.

Trump is accused of securing loans with false financial statements for several years. After a heated trial that lasted more than three months, a Manhattan court is set to announce its ruling this week.

The New York fraud case is only one of several trials heating up against Trump even as he inched closer to securing the Republican presidential nomination following his decisive victory in the Iowa caucus and New Hampshire primary earlier this month.

Here’s what we know about this civil case and how it might affect Trump’s presidential campaign:

What’s the case about?

New York Attorney General Letitia James brought the civil lawsuit against the former president, The Trump Organization, and top officials at the business on September 21, 2023 – although an inquiry into the former president’s business dealings had been ongoing for about three years prior.

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In the filing, James accused Trump and officials at The Trump Organization – including his children, Ivanka, Eric and Donald Jr – of “knowingly and intentionally” creating over 200 overly-inflated financial evaluations between 2011 and 2021 that helped the company secure favourable loans from banks and insurance companies to the tune of $250m.

Those actions violated the antifraud New York Executive Law, James wrote in her suit, seeking a $250m penalty against Trump.

Senior Trump Organization executives Allen Weisselberg and Jeffrey Mcconney were also named as defendants, alongside companies and entities belonging to Trump such as 40 Wall Street, a skyscraper in Manhattan’s financial district. Trump’s sons Donald Trump Jr and Eric Trump are co-defendants in the case.

What did the judge say about Trump?

In a summary judgment on September 27, 2023, that essentially resolved the key claims in the suit, presiding Judge Arthur Engoron of the Manhattan Supreme Court ruled that Trump had committed years of fraud by massively inflating his real estate worth to lenders. His Mar-a-Lago estate, for example, was found to be inflated to about 2,300 percent of its actual price in one statement.

Judge Engoron dissolved some companies belonging to the former president and also ordered to revoke the business licence of The Trump Organization, and appointed an independent monitor to oversee the company.

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Trump has denied wrongdoing and appealed the initial ruling. An appeal court in October temporarily halted the business dissolution part of the ruling. Trump’s lawyers argued some 1,000 employees could be affected. James’s team said it was willing to pause enforcement pending a final decision.

In the charged follow-up trial to decide other claims in the attorney general’s lawsuit, Trump’s lawyers asked for the suit to be thrown out, arguing that it was politically motivated; that his accountants carried the blame for false financial statements; and that no particular individuals or entities had been hurt by said statements.

Could this affect Trump’s political campaign?

Trump’s presidential campaign has played on the civil suit – and the myriad of legal challenges that the Republican frontrunner faces, ahead of the presidential elections in November.

The former president has appeared at court cases he is not legally required to attend, making impassioned speeches to rally his supporters behind opponents trying to block his re-election, targeting not just him but his supporters too.

He has also used those court appearances to lash out at state officials. Trump accused James, the New York attorney general, of targeting him for political reasons, calling her a “political hack” who won her post because she promised to go after him.

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Despite the judge’s refusal, Trump spoke in court at the closing of the fraud trials on January 11, saying that the case was a “fraud on me”.

“We have a situation where I’m an innocent man, I’ve been persecuted by someone running for office,” Trump said, referring to James, a Democrat who attempted to run for New York governor in the 2022 elections but later dropped out. “They want to make sure that I don’t win again,” he added.

Throughout the three-month trial, Trump spoke insultingly of the judge to his supporters, saying Engoron was a biased “Trump hater.” He also attacked Allison Greenfield, Engoron’s law clerk, on his social media platform Truth Social, saying she was “politically biased and out of control”.

Judge Engoron slapped a gag order on the former president and later fined him $15,000 for breaching it.

Could Trump face criminal penalties?

Civil cases like this usually result in monetary penalties and bans called injunctions, as opposed to criminal cases that often end up in jail time.

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James, in her suit against Trump, had recommended punishment: for the former president and his children to be stripped of their leadership roles at The Trump Organization, and for Trump and the business to be barred from any real estate buys in New York for the next five years.

Additionally, the attorney general recommended that Trump and The Trump Organization be forbidden from accessing any loans for five years and that independent monitors and trustees be appointed for The Trump Organization.

As Judge Engoron’s final ruling looms, it will likely complement his previous decisions that some of Trump’s companies have their licences revoked, some be dissolved and others be monitored independently.

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Trump says he is directing federal agencies to cease use of Anthropic technology

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Trump says he is directing federal agencies to cease use of Anthropic technology
U.S. President Donald Trump on Friday said he was directing every federal agency to immediately cease all use of Anthropic’s technology, adding there would be a six-month phase out for agencies such as the Defense Department who use the company’s products.
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UN Human Rights Council chief cuts off speaker criticizing US-sanctioned official

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UN Human Rights Council chief cuts off speaker criticizing US-sanctioned official

NEWYou can now listen to Fox News articles!

The United Nations Human Rights Council (UNHRC) abruptly cut off a video statement after the speaker began criticizing several United Nations officials, including one who has been sanctioned by the Trump administration. The video message was being played during a U.N. session in Geneva, Switzerland, Friday morning.

Anne Bayefsky, director of the Touro Institute on Human Rights and the and president of Human Rights, called out several U.N. officials in her message, including U.N. High Commissioner for Human Rights Volker Türk and special rapporteur Francesca Albanese, who is the subject of U.S. sanctions.

Secretary of State Marco Rubio announced sanctions against Albanese July 9, 2025, saying that she “has spewed unabashed antisemitism, expressed support for terrorism and open contempt for the United States, Israel and the West.”

“That bias has been apparent across the span of her career, including recommending that the ICC, without a legitimate basis, issue arrest warrants targeting Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant,” Rubio added.

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Secretary of State Marco Rubio and Francesca Albanese  (Getty Images)

“I was the only American U.N.-accredited NGO with a speaking slot, and I wasn’t allowed even to conclude my 90 seconds of allotted time. Free speech is non-existent at the U.N. so-called ‘Human Rights Council,’” Bayefsky told Fox News Digital.

Bayefsky noted the irony of the council cutting off her video in a proceeding that was said to be an “interactive dialogue,” an event during which experts are allowed to speak to the council about human rights issues.

“I was cut off after naming Francesca Albanese, Navi Pillay and Chris Sidoti for covering up Palestinian use of rape as a weapon of war and trafficking in blatant antisemitism. I named the prosecutor of the International Criminal Court, Karim Khan, who is facing disturbing sexual assault allegations but still unaccountable almost two years later. Those are the people and the facts that the United Nations wants to protect and hide,” Bayefsky told Fox News Digital.

“It is an outrage that I am silenced and singled out for criticism on the basis of naming names.”

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Bayefsky’s statement was cut off as she accused Albanese and Navi Pillay, the former chair of the U.N. Independent International Commission of Inquiry on the Occupied Palestinian Territory; and Chris Sidoti, a commissioner of the U.N. Independent International Commission of Inquiry on the Occupied Palestinian Territory. She also slammed Khan, who has faced rape allegations. Khan has denied the sexual misconduct allegations against him.

Had her video message been played in full, Bayefsky would have gone on to criticize Türk’s recent report for not demanding accountability for the “Palestinian policy to pay to kill Jews, including Hamas terror boss Yahya Sinwar who got half a million dollars in blood money.”

When the video was cut short, Human Rights Council President Ambassador Sidharto Reza Suryodipuro characterized Bayefsky’s remarks as “derogatory, insulting and inflammatory” and said that they were “not acceptable.”

“The language used by the speaker cannot be allowed as it has exceeded the limits of tolerance and respect within the framework of the council which we all in this room hold to,” Suryodipuro said.

The Human Rights Council at the United Nations in Geneva, Switzerland, Feb. 26, 2025. (Denis Balibouse/Reuters)

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In response to Fox News Digital’s request for comment, Human Rights Council Media Officer Pascal Sim said the council has had long-established rules on what it considers to be acceptable language.

“Rulings regarding the form and language of interventions in the Human Rights Council are established practices that have been in place throughout the existence of the council and used by all council presidents when it comes to ensuring respect, tolerance and dignity inherent to the discussion of human rights issues,” Sim told Fox News Digital.

When asked if the video had been reviewed ahead of time, Sim said it was assessed for length and audio quality to allow for interpretation, but that the speakers are ultimately “responsible for the content of their statement.”

“The video statement by the NGO ‘Touro Law Center, The Institute on Human Rights and The Holocaust’ was interrupted when it was deemed that the language exceeded the limits of tolerance and respect within the framework of the council and could not be tolerated,” Sim said.

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“As the presiding officer explained at the time, all speakers are to remain within the appropriate framework and terminology used in the council’s work, which is well known by speakers who routinely participate in council proceedings. Following that ruling, none of the member states of the council have objected to it.”

Flag alley at the United Nations’ European headquarters during the Human Rights Council in Geneva, Switzerland, Sept. 11, 2023. (Denis Balibouse/File Photo/Reuters)

UNRWA OFFICIALS LOBBY CONGRESSIONAL STAFFERS AGAINST TRUMP TERRORIST DESIGNATION THREAT

While Bayefsky’s statement was cut off, other statements accusing Israel of genocide and ethnic cleansing were allowed to be played and read in full.

This is not the first time that Bayefsky was interrupted. Exactly one year ago, on Feb. 27, 2025, her video was cut off when she mentioned the fate of Ariel and Kfir Bibas. Jürg Lauber, president of the U.N. Human Rights Council at the time, stopped the video and declared that Bayefsky had used inappropriate language.

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Bayefsky began the speech by saying, “The world now knows Palestinian savages murdered 9-month-old baby Kfir,” and she ws almost immediately cut off by Lauber.

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“Sorry, I have to interrupt,” Lauber abruptly said as the video of Bayefsky was paused. Lauber briefly objected to the “language” used in the video, but then allowed it to continue. After a few more seconds, the video was shut off entirely. 

Lauber reiterated that “the language that’s used by the speaker cannot be tolerated,” adding that it “exceeds clearly the limits of tolerance and respect.”

Last year, when the previous incident occurred, Bayefsky said she believed the whole thing was “stage-managed,” as the council had advanced access to her video and a transcript and knew what she would say.

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Did the EU bypass Hungary’s veto on Ukraine’s €90 billion loan?

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Did the EU bypass Hungary’s veto on Ukraine’s €90 billion loan?

A post on X by European Parliament President Roberta Metsola has triggered a wave of misinformation linked to the EU’s €90 billion support loan to Ukraine, which is designed to help Kyiv meet its general budget and defence needs amid Russia’s ongoing invasion.

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Hungary said earlier this week that it would block both the loan — agreed by EU leaders in December — and a new EU sanctions package against Moscow amid a dispute over oil supplies.

Shortly afterwards, Metsola posted on X that she had signed the Ukraine support loan on behalf of the parliament.

She said the funds would be used to maintain essential public services, support Ukraine’s defence, protect shared European security, and anchor Ukraine’s future within Europe.

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The announcement triggered a wave of reactions online, with some claiming Hungary’s veto had been ignored, but this is incorrect.

Metsola did sign the loan on behalf of the European Parliament, but that’s only one step in the EU’s legislative process. Her signature does not mean the loan has been definitively implemented.

How the process works

In December, after failing to reach an agreement on using frozen Russian assets to fund Ukraine’s war effort, the European Council agreed in principle to provide €90 billion to help Kyiv meet its budgetary and military needs over the next two years.

On 14 January, the European Commission put forward a package of legislative proposals to ensure continued financial support for Ukraine in 2026 and 2027.

These included a proposal to establish a €90 billion Ukraine support loan, amendments to the Ukraine Facility — the EU instrument used to deliver budgetary assistance — and changes to the EU’s multiannual financial framework so the loan could be backed by any unused budgetary “headroom”.

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Under EU law, these proposals must be adopted by both the European Parliament and the European Council. Because the loan requires amendments to EU budgetary rules, it ultimately needs unanimous approval from all member states.

Metsola’s signature therefore does not amount to a final decision, nor does it override Hungary’s veto.

The oil dispute behind Hungary’s opposition

Budapest says its objections are linked to a dispute over the Druzhba pipeline, a Soviet-era route that carries Russian oil via Ukraine to Hungary and Slovakia.

According to the Centre for Research on Energy and Clean Air (CREA), Hungary and Slovakia imported an estimated €137 million worth of Russian crude through the pipeline in January alone, under a temporary EU exemption.

Oil flows reportedly stopped in late January after a Russian air strike that Kyiv says damaged the pipeline’s southern branch in western Ukraine. Hungary disputes this, with Prime Minister Viktor Orbán accusing Ukraine of blocking it from being used.

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Speaking in Kyiv alongside European Commission President Ursula von der Leyen and European Council President António Costa, Ukraine’s President Volodymyr Zelenskyy said the pipeline had been damaged by Russia, not Kyiv.

He added that repairs were dangerous and could not be carried out quickly without putting Ukrainian servicemen in danger.

Tensions escalated further after reports that Ukraine struck a Russian pumping station serving the pipeline. Orbán responded by ordering increased security at critical infrastructure sites, claiming Kyiv was attempting to disrupt Hungary’s energy system.

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