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Trump liable for fraud, judge finds in New York civil case

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Donald Trump “repeatedly” misrepresented his wealth by hundreds of millions of dollars to banks and insurers, a New York judge has ruled.

The decision resolves the key claim made by New York’s attorney general in her civil lawsuit against the former president.

“The documents here clearly contain fraudulent valuations that defendants used in business,” the judge wrote.

It is a major blow for the former President before the case goes to trial next Monday.

An attorney for Donald Trump called the judge’s decision “a miscarriage of justice” in a statement on Tuesday evening.

Attorney General Letitia James sued Donald Trump last September, accusing him, his two adult sons and the Trump Organization of lying about his net worth and asset values between 2011 and 2021.

Ms James claimed the defendants issued false business records and financial statements in order to get better terms on bank loans and insurance deals, and to pay less tax.

In a trial that will now resolve six remaining claims in her suit, she will seek $250m in penalties and a ban on Mr Trump doing business in his home state.

The non-jury trial is scheduled to begin 2 October and last until at least December.

(BBC)



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Head teacher evacuated 900 children minutes before school washed away by Nepal floods

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A head teacher’s quick decision to evacuate his school saved 900 pupils from deadly flash floods along the Nepal-Tibet border

Rajendra Dawadi tells the BBC he was tipped off about incoming flood waters and moved students to higher ground with just minutes to spare. One pupil says she and her friends survived by just 10 seconds  and watched as a nearby bazaar was swept away

Wednesday’s disaster has killed at least 794 people and more than 2,500 people are missing in Nepal, local officials say

In Tibet, the official death toll is 16, with 546 reported to be missing, according to Chinese state media –

[BBC]

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Ferry carrying 260 people capsizes off northern Cyprus coast

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A ferry carrying around 260 people has capsized off the coast of northern Cyprus with a search underway for survivors, according to local media.

The catamaran-style boat was travelling from the port of Kyrenia, also known as Girne, and started sinking a few kilometres off the coast of the island state on Sunday.

There were no immediate reports of casualties.

[Aljazeera]

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Ex-White House teleprompter operator ordered to pay $172,000 for Trump speech bets

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The staffer was found to have made tens of thousands of dollars through betting on what the president would say in his speeches (BBC)

A former White House teleprompter operator has been ordered to pay more than $172,000 (£127,000) for using inside information to bet on US President Donald Trump’s speeches.

Gabriel Perez was found to have made trades on what the president would say during addresses between December 2025 and February 2026 on Kalshi – a prediction markets platform where users can bet on real-world events.

Its regulator, the Commodity Futures Trading Commission (CFTC), said Perez would have to surrender profits of $107,539.02 (£79,452) and pay a civil penalty of $65,000 (£48,000).

The White House has not yet commented. In July then press secretary Karoline Leavitt said  Perez was on unpaid leave and would not return to his post.

Announcing the settlement on Friday, the CFTC said Perez had “misappropriated” his prior knowledge of Trump’s speeches to place bets “in breach of his duty of trust and confidence”.

It said his civil penalty had been reduced due to his “exemplary co-operation” with the investigation.

Perez has also been banned from trading for three years.

Writing on X, Kalshi’s lead lawyer Bobby DeNault welcomed the decision: “It doesn’t matter who you are: violate our rules or federal law and you will face the consequences.”

(BBC)

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