Donald Trump, 3 of his children accused of business fraud by New York AG

New York Attorney General Letitia James filed a lawsuit Wednesday accusing former president Donald Trump, three of his grown children and executives at his company of flagrantly manipulating property valuations to deceive lenders, insurance brokers and tax authorities into giving them better rates on bank loans and insurance policies and to reduce their tax liability.

The 222-page civil complaint asks the New York Supreme Court to bar Trump, as well as Donald Trump Jr., Ivanka Trump and Eric Trump, from serving as executives at any company in New York, and to bar the Trump Organization from acquiring any commercial real estate or receiving loans from any New York-registered financial institution for five years.

It seeks to recover more than $250 million in what James’s office says are ill-gotten gains received through the alleged deceptive practices. While the lawsuit itself is not a criminal prosecution, James (D) said she has referred possible violations of federal law to the Justice Department and the IRS.

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MistyCee

I wish there was a question here, but since there isn't, I'll add.

This may be a political witch hunt, and its possible that James might have a hard time proving all that she's alleged, BUT, by pleading the Fifth over 400 times, Trump has made that case much harder to make.

I'm not sure on New York procedure, but really, all she should need to do is submit the verified complaint, and affidavit or two, and a copy of Trump's deposition and it really shouldn't even have to go to a jury (although I supect it will).

Northwest · M

@MistyCee This is a civil complaint, so the jury does not have to be unanimous.

markansas

i saw that .. tax fraud it one thing that brought down Al Capone.. it could bring down him also.

MistyCee

@markansas That'd be nice, IMO, but a large portion of Trump's base supports tax fraud and seating a jury with Capone, despite the bribery problem, was probably child's play compared to what would happen with Trump.

Northwest · M

Update: Trump is lashing out on Truth, calling the New AG a racist. No word on why he thinks she's a racist. It's not like the NY AG ever sued her for not allowing white people to buy/rent her properties.

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