New York lawsuit accuses former President Trump of massive fraud

Former US President Donald Trump quilted him net worth In billions of Dollars usually mislead banks and others about the value of prized assets like Golf courses, hotels and property in Mar-a-Lago, New York attorney general Wed said in A lawsuit seeks to permanently disable the Republican’s personality ability to do business in the state.

Prosecutor Letitia James described her as “The art of Stealing “.

The lawsuit filed in State Security Court in Manhattan, is the peak of The Democrat’s Three Year Civil Inquiry into Trump and the Trump Organization.

The Big Three of Trump’s children, Donald Jr., Ivanka and Eric Trump also His name as defendants, all along with Two of the company’s longtime CEOs.

At 222 pages, the suit hits to the core of what or what made The famous Trump, throws a black light on the photo of The wealth and luxury he has embraced throughout his career – first K real Property developerthen a reality TV show host on “Apprentice” and then as chief.

tens details of cases of Alleged fraud, including numerous claims made on annual financial Trump’s statements give for banks, business associate and financial magazines as evidence of His fortune also sought out loans and deals.

For example, according to the lawsuit, Trump claimed his apartment in Trump Tower – a three story penthouse filled with with gilded fixtures – It was almost three times Actual size and value property at $327 million. no flat in New York City ever sold out for Close to that amount, James said.

Trump has applied similar obscure math to his Mar-a-Lago in Palm Beach, Florida, the lawsuit alleged, by evaluating private club Residency amounts to $739 million. more from 10 times a more reasonable estimate of that it worth. Trump character based on idea that property can be developed for Residential use but verb terms prohibit it.

This investigation revealed the speeches of Donald Trump in Years of Illegal behavior to inflate him net worthto deceive banks and people of The great condition of New York,” James said in news conspiracy.

Claim that you have money that you don’t have no amount to me art of Deal. it’s the art of Theft,” referring to the title of Trump’s 1987 memoir, “Art of Deal.”

James said the investigation also Directory detection of Ability criminal Violations, including insurance fraud and bank Fraud, but that’s her office He was referring to those results outside authorities for Further investigations.

trump card, in a post On his Truth Social, he decried the lawsuit as “another witch hunt” and decried James as “a fraud.” who campaigned on The Get Trump platform.

Later, in Interview with Sean Hannity of Fox News said his company financial Disclosure warned banks of confidence in information Submitted.

We have a disclaimer on The front, which warned the banks: “You are alone risk…. ‘Be careful because it might not be accurate. It could be way off. . . ‘Get yours people. Use your own appraisers. Refer to your lawyer. do not depend on us”.”

Another witch hunt

Trump’s lawyer, Alina Heba, said the allegations were “groundless” and the lawsuit was “not focused.” on The facts nor the law – it is only the center on push the attorney general’s political agenda.”

In the lawsuit, James asked the court to ban Trump and his three eldest children since when again Managing a company based in the state.

she is also seeking to pay of At least $250 million, which she said was discretionary worth of Benefits derived from the alleged fraud. And you want Trump and the Trump Organization to enter into a commercial world real Real estate acquisitions for Five years, among other penalties.

James’ suit comes amid a whirlwind of Unprecedented Legal challenges for a former The President, including the FBI’s investigation into Trump’s handling of Secret records and inquiries about his efforts to cancel the 2020 election.

While James’ case is being pursued in Civil Court, Manhattan District Attorney Alvin Bragg was working with mosques’ office on parallel criminal Investigation.

Trump was martyred for fear of prosecution in August when he refused to answer questions in precipitation with James, summoning his Fifth Amendment protection against self-incrimination more from 400 times.

the odds of criminal The Public Prosecution Office has been considered to be regressing in The last months after Bragg allowed the release of grand The jury to resolve it without charges. Bragg said again Wednesday, although criminal was the investigationactive and continuing.”

a criminal Prosecution will be far higher critical of Evidence of a civil suit. And the in a criminal issue, prosecutors ought to prove That Trump intended to break the law, and that’s not necessarily the case required in civil case.

“Generally in criminal cases on you prove Intentions. In civil cases, just negligence or willful misrepresentation give rise Nima Rahmani said: former Federal Prosecutor in San Diego who Now he practices law in a Los Angeles firm.

‘criminal violations’

US Attorney General office in Manhattan said she knew of James referral of Ability criminal Violations, but otherwise declined comment. Department of Internal Revenue criminal Investigation division he said no confirm existence of Investigations until court documents are made public available. “

Trump Organization is set Togo on Experience in October in a criminal A case she claims to have planned give Non-taxable benefits senior CEOs, including its longtime chief financial officer Allen Weisselberg, who lonliness took more From 1.7 million dollars in extras.

Weiselberg, 75, pleaded guilty on August 18 plea The agreement requires him to testify at the company’s trial five months before it begins jail sentence or sentence. If convicted, the Trump Organization can face a fine of double The amount of unpaid taxes.

Weisselberg and another Trump Organization executive, Jeffrey McConaughey, were too also named as accused in James suit.

Meanwhile, the FBI continues to investigate Trump’s storage of sensitive government Documents on his Mar-a-Lago estate in Florida, and special grand Jury in Georgia is investigating whether Trump and others have tried to influence state election officials.

everybody of legal drama playing out Before of November midterm elections, as Republicans try win control of one or both houses of Congress.

Meanwhile, Trump was laying the foundation for Possible return campaign for president in 2024 President Joe Biden’s administration accused of Targeting him to damage his political opportunities.

The ex-Trump refused to answer the questions in Certificate can be held against him if the case reaches a jury. In civil cases, courts are allowed to draw negative conclusions from Fifth Amendment arguments.

If Trump wanted To say that some accounting decision It was harmless instead of Sly, he might have already Passed successfully up “The chance is when he decided to keep quiet,” said Will Thomas, one of the aides. professor of business Law at the university of Michigan.

In a previous encounter, James oversaw closing of Trump Charity Association for alleging abuse assets to me resolve business quarrels and strengthen him run for White House. Judge orders Trump to pay $2 million to Matrix of charities to settle the matter.

mosques, who campaigned for office As a Trump critic and watchdog, he began to scrutinize business practices in March 2019 beyond former Personal attorney Michael Cohen testified before Congress that Trump exaggerated his fortune on financial Data submitted to Deutsche Bank while trying to obtain financing for buy NFL Buffalo Bills.

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