New York prosecutor sues Donald Trump, his children and his companies for fraud | International

New York Attorney General Letitia James, a Democrat, on Wednesday sued former US President Donald Trump and three of his children for alleged tax crimes within the Trump Organization.

The prosecutor’s office in New York sued the former president of the United States on Wednesday Donald Trump (2017-2021), his three oldest children -Donald, Eric and Ivanka- and his company, the Trump Organization, for obtaining fraudulent loans, insurance benefits and paying lower taxes.

New York State Attorney Letitia James said Trump has committed “tax fraud” for years and that The state is seeking compensation of $250 million, a veto against Trump’s companies and a restriction on their purchases of commercial real estate over the next five years.He indicated on Twitter.

“We found that Trump, his family and the Trump Organization used fraudulent and misleading asset valuations about 200 times over 10 years in their financial statements. These statements were used to obtain hundreds of millions of dollars in loans and insurance coverage,” he explained.

“These frauds and misrepresentations (…) were committed by Trump Organization senior management as part of a concerted effort for each annual (tax) return and were approved at the highest levels of the Trump Organization, including Mr. Trump.” , says the more than 200-page letter submitted by James.

James believes that Trump and the other defendants may have violated state and criminal laws, so he referred the case to the US Attorney’s Office in the Southern District of New York and the Internal Revenue Service, according to CNN.

The origins of the lawsuit go back to March 2019, when a statement by a former lawyer for the Trump Organization before the United States Congress, Michael Cohen, raised questions about the company’s “potentially fraudulent financial statements.”

Trump, for his part, has repeatedly criticized the investigation, which he considers a “crusade” or “witch hunt” against him, and has even referred to James as a “rogue prosecutor” handling the case. “.

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