10 things you need to know today: September 27, 2023

A New York judge rules Trump defrauded banks, Biden visits auto workers on picket line, and more

President Biden walks UAW picket line
President Biden walks a UAW picket line
(Image credit: Jim Watson / AFP via Getty Images)

1. Judge finds Trump liable for fraudulent property values

A New York judge ruled Tuesday that former President Donald Trump, his two adult sons and two other Trump Organization executives fraudulently inflated the value of Trump properties to get better loan and insurance terms. Judge Arthur Engoron said Trump and the other defendants showed a "propensity to engage in persistent fraud." Engoron canceled the company's New York business certificates, stripping Trump's control of key properties. The decision marked a victory for New York Attorney General Letitia James, who says Trump overvalued properties by $2.2 billion and seeks $250 million in penalties in a trial that could start next week. Trump called Engoron "deranged." His lawyer signaled a likely appeal. ABC News, The New York Times

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.