NEW York’s attorney general, Letitia James, filed a civil lawsuit on Wednesday against former President Donald Trump, accusing him and members of his family of “numerous acts of fraud and misrepresentation.”
“With the help of his children and senior executives at the Trump Organization, Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system,” James said in a statement.
The aim was to boost Trump’s billionaire image by overstating his asset values to obtain favorable loans, and understating them for tax breaks.
“Claiming you have money that you do not have does not amount to the art of the deal. It’s the art of the steal,” James said.
She also referred the case to federal prosecutors and the US Internal Revenue Service for criminal investigation.
Trump has repeatedly denied any wrongdoing and said James, a Democrat running for a second term in November was busy with politically motivated witch hunt.
“A tale of two justice systems — yes where criminals go free, and the Democrats only go after their political opponents!” Trump’s spokesperson, Liz Harrington wrote on his online platform Truth Social.
What is the lawsuit about?
The lawsuit accused the Trump Organization of wrongdoing in preparing Trump’s annual statements of financial condition from 2011 to 2021.
It also named Donald Jr., Ivanka and Eric Trump as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.
James told reporters she is seeking to have the defendants give up all the benefits he obtained from fraud, estimated at $250 million.
“The pattern of fraud and deception that was used by Mr. Trump and the Trump Organization for their own financial benefit is astounding,” James said
The lawsuit also seeks to bar Trump and his children from running companies in New York, and to bar the Trump Organization from engaging in real estate transactions.
James’ civil probe is separate from a criminal tax fraud probe against the Trump Organization by Manhattan’s district attorney, Alvin Bragg that was due to come before court in October.
James has been conducting a civil investigation into Trump’s business practices for more than three years.
lo/wd (AP, Reuters)
PRESIDENT TRUMP REMAINS UNDAUNTE UNFAZED STANDING SOLID STILL, WHILST HIS ADVERSARIES ARE ALWAYS SCRAMBLING ON HOW TO GET AND WITH WHICHEVER MORIBUND STEPS.
He is always ahead of the evil liberal left who has persistently vilified torment and harass him over nothing just for beating them in their game to make the 45th president of the USA.
THEY OPPOSITION, THE EVIL UNDEMOCRATIC PARTY HAS NO SOLUTION OR ANSWER TO THE TRUMP PHENOMENON. THE MAGA MOVEMENT.
All arrows fashioned against him have failed to make their targets. Nothing done against him worked. No result and or successful outcome of their efforts to undo him and stop him. They have consistently fallen short of anything to diminish demean and or derail the TRUMP train.
ALL UNTOWARD INTENTION TOWARDS PRESIDENT TRUMP WILL CONTINUE TO Lule.
After a woeful awful attempt at criminal trial. Trump rejected an out of court settlement and because he could not be reined in on that. The POLTICAL HATEFUL AG of NY resorted to civil trial.
WHY NOT PURSUE THE CRIMINAL END IF THEY HAD HIM UNDER WRAP WITH A TIGHTWATER CASE? IF THEY WERE COCK SURE OF THE ALLEGATIONS AGAINST HIM.
One man and his family subjected to INHUMAN MALICIOUS TREATMENT for political purposes, and he has beaten them all the way and still would till he runs them over the cliff.