NEW YORK (PIX11) — New York Attorney General Letitia James is suing former President Donald Trump and his three adult children for alleged business fraud.
According to James, Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, and his company have misplaced billions of dollars in his net worth in order to give banks favorable interest rates. Inflated. James is trying to ban the former president and his children from ever running a company in New York again. She also wants Trump to repay the $250 million he received.
“This investigation found that Donald Trump engaged in years of illegal activity to inflate his net worth in order to defraud banks and the people of New York State,” James said at a news conference. It became clear: “Claiming to have money you don’t have is not the art of trading. It is the art of stealing.”
James said there were 200 allegations of fraud in the complaint, including one claiming his home was three times the size of its previous home. She has also referred the matter to federal authorities for criminal investigation.
The alleged criminal activities included falsification of business records, issuance of false financial statements, insurance fraud, conspiracy and bank fraud, James said. The case will also be referred to the IRS.
“They should all be held accountable,” James said. “No one is above the law.”
Last month, Trump exercised his Fifth Amendment right not to answer questions during depositions related to the James investigation. He lashed out at James’ lawsuit. Langworthy called it “one of the most brazen political propaganda stunts I’ve seen in my life.”
Hubba said the lawsuit “is not focused on facts or law, but solely on advancing the Attorney General’s political agenda.”
“It is very clear that the Attorney General’s Office has exceeded its statutory powers by snooping into transactions in which no wrongdoing has taken place at all,” Habba said.
The lawsuit, which was filed in state court Wednesday, also names longtime company executives Allen Weisselberg and Jeffrey McConney as defendants. Weisselberg, a senior adviser to the Trump Organization and the company’s longtime chief financial officer, has already pleaded guilty to tax evasion and other charges.
Weisselberg has earned more than $1.7 million in tax-exempt extra income, including his grandchildren’s tuition, free rent for a Manhattan apartment, and the lease of a luxury car, and has explicitly admitted to taking some of Plum’s off the books. I was.
James seeks to permanently ban Weisselberg and McConney from working as financial officers for New York corporations.
https://www.mystateline.com/news/ny-attorney-general-sues-donald-trump-3-kids-for-business-fraud/ AG Letitia James ‘Major Announcement’