Donald Trump and his children are sued for fraud in New York – NBC New York (47)

NEW YORK — Donald Trump and members of his family committed chronic bank, tax and insurance fraud, New York Attorney General Letitia James said in a long-awaited and lengthy lawsuit that was unsealed Wednesday.

And while the case is purely civil, James is referring the former president and his family to the IRS’s criminal division and to federal prosecutors in Manhattan for possible tax violations.

The more than 200-page lawsuit alleges that the former president systematically inflated his net worth to get better credit, while deflating his wealth and property values ​​to get more favorable tax treatment. . Trump’s children, Donald Jr., Ivanka and Eric, are also listed as defendants.

The fraud reportedly included his Mar-a-Lago resort in Florida, his controversial hotel in Washington DC and even his own triplex in Trump Tower in Manhattan, three examples of what the Attorney General says were more than 200 cases about cheating on the course. of 10 years.

The attorney general’s office is asking for about $250 million in fines, to bar Trump and his children from being officers of any New York company for five years, and to bar them from taking loans from any New York-registered financial institution. year.

“We believe the conduct alleged in this action also violates federal criminal law,” James said at a press conference, referring to the alleged posting of false financial statements as well as the alleged bank fraud.


Trump’s lawyer, Alina Habba, strongly criticized the lawsuit.

“Today’s presentation is not focused on facts or law, but is focused solely on advancing the Attorney General’s political agenda.” It is abundantly clear that the Attorney General has gone beyond his legal powers by interfering with business where absolutely no wrongdoing has occurred. We trust that our judicial system will not tolerate this rampant abuse of power, and we look forward to defending our client against any baseless claims by the Attorney General,” Habba said in a statement.

The case and criminal referral add to the former president’s many ongoing legal problems, including a recent FBI search of his Florida home and an ongoing investigation into election interference in Georgia.

The case and criminal referral add to the former president’s many ongoing legal problems, including a recent FBI search of his Florida home and an ongoing investigation into election interference in Georgia.

The attorney general’s office sued Donald Trump and his children earlier this year, setting off a bitter court battle. Trump eventually appeared for that statement, only to invoke his Fifth Amendment right to refuse to answer any questions.


Following Attorney General Letitia James’ press conference, a spokesperson for the Trump Organization released the following statement:


“Today’s filing is the culmination of nearly three years of persistent, targeted and unethical political harassment by New York State Attorney General Letitia James. While the Attorney General’s role is to protect the public interest, today’s complaint, for the first time in the history of the Attorney General’s office, seeks to protect the interests of large and sophisticated banks on Wall Street, but not only did no banks get hurt, but they actually profited, hundreds of millions of dollars in interest and fees, and never got into trouble with any of the loans in question, all of which are passed or paid off (in many cases early).

Meanwhile, New York continues to decline and violent crime rates are on the rise not seen in decades. In New York City alone, overall crime is up 30% from last year, highlighted by a 40.6% increase in grand larceny, a 370.2% increase in burglary, and a 25.6% increase in residential burglary. Despite these disturbing developments, Attorney General James has decided to put his own political ambitions ahead of the safety of New Yorkers, choosing to undermine his oath of office and turn a blind eye to his ethical obligations by focusing on his term as Attorney General after President Donald Trump. J. Trump and the Trump Organization. What a disgusting abuse of power, a waste of precious resources and tens of millions of taxpayer dollars.

As we all know today’s presentation has nothing to do with facts or law. Instead, it’s about politics, pure and simple. In fact, targeting Donald J. Trump and the Trump Organization is exactly what Attorney General James said she would do while running for office. Vowing to “definitely sue him” and be “a real pain,” he nonsensically said that “Donald Trump’s days are coming to an end.” Of course, at the time she made these and other statements, Letitia James hadn’t even been elected, had no knowledge of the facts, and didn’t have a shred of evidence to support her arguments. Three years later, with less than 50 days to go until Election Day, Attorney General James, who is trailing in the polls, is at it again: He filed this case at the last minute in a desperate attempt to please voters.

The public prosecutor must be fair, impartial and neutral, he does not use his position as a weapon to engage in political vendetta or attack his political opponents. Attorney General James’ legislation today sets a dangerous precedent, not just in New York, but for our entire nation. The good people of New York should be picked on.”

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