New York judge finds Donald Trump liable for fraud

Trump and sons found liable for fraud by New York judge.

Judge also canceled the Trump Organization's business certification in New York state.

Trumps accused of providing false financial statements to banks and insurers for a decade.

Ruling a major victory for New York Attorney General Letitia James.

Case could have significant implications for Trump's business empire.

Trump and his sons have denied the allegations and have vowed to appeal the ruling.

The judge's ruling is based on a civil lawsuit, not a criminal case

This means that Trump and his sons cannot be sent to prison if they are found guilty.

– However, they could be ordered to pay damages and could be barred from doing business in New York state.