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It was one year ago that New York Attorney General Letitia James filed a $250 million lawsuit against former president Donald Trump, accusing him of fraudulent business practices. Just this week, a New York judge has ruled that Trump is guilty of fraud in the building of his massive real estate empire. The judge claims that the he inflated the value of his assets and his own net worth as he negotiated real estate deals and asked for bank loans. The case will still be heard in court, but if this ruling sticks, it could have major implications for Trump’s financial world and a huge lesson for any investor who might consider adding a few zeros onto an asset valuation. Judge Arthur Engoron issued the ruling on Tuesday, September 26th. It comes in conjunction with a lawsuit against Trump by New York Attorney General Letitia James. The lawsuit claims that Trump and several of his family members committed “numerous acts of fraud and misrepresentation” and that Trump “inflated his net worth by billions of dollars.”