Judge Arthur Engoron said former President Trump and his company had overstated the value of their assets.
The US judge ruled that Trump could not prove that a prospective buyer of one of his properties was located in Saudi Arabia.
New York Attorney General Letitia James alleged that Donald Trump inflated his assets by $2.2 billion to get a better business deal.
Trump’s lawyers claimed that the former president had given the correct value of the assets and that this was the value that Trump considered as a visionary real estate developer.
The court rejected the request of Donald Trump regarding the non-hear ability of the case.