Overview

• Donald Trump faces a potentially devastating ruling following a fraud trial in New York, wherein the former president admitted to inflating property values to obtain favorable bank loans and tax breaks.
• Ivanka Trump, former president's daughter, testified in the civil fraud trial, revealing potentially key evidence against her father, including admitting issues securing a deal with Deutsche Bank due to inadequate net worth.
• The court has already ruled that Trump committed fraud through years of misrepresenting his property values; the penalty will now be decided by the court and may include fines amounting to hundreds of millions of dollars and being banned from conducting business in New York.
• In an unexpected twist, a previous lawsuit involving a one-time Marvel Entertainment CEO may impact the trial, as emails from Ivanka Trump to her husband, which were routed through a company server, were admitted as evidence in the fraud case.
• Other fallout from the trial includes the defeat of Trump-backed candidates in several elections, including the gubernatorial race in Kentucky, indicating potentially waning influence of Trump in GOP election results.