New York’s attorney general sued former President Donald Trump and his company on Wednesday, alleging business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.C.
Attorney General Letitia James’ lawsuit, filed in state court in New York, is the culmination of the Democrat’s three-year civil investigation of Trump and the Trump Organization. Trump’s three eldest children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.
The lawsuit seeks to strike at the core of what made Trump famous, taking a blacklight to the image of wealth and opulence he’s embraced throughout his career — first as a real estate developer, then as a reality TV host on “The Apprentice” and “Celebrity Apprentice,” and later as president.
James, a Democrat, announced details of the lawsuit at a news conference on Wednesday. The case showed up on a court docket Wednesday morning.
“Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself, and cheat the system, thereby cheating all of us,” James said at the news conference.
James’ office has spent more than three years investigating fraudulent or misleading valuations for its properties on annual financial statements that were given to potential business partners, banks or tax officials.
The goal, the attorney general’s office has said, was to burnish Trump’s billionaire image and the value of his properties when doing so gave him an advantage, while playing down the value of assets at other times for tax purposes.
“Today’s filing is neither focused on the facts nor the law — rather, it is solely focused on advancing the Attorney General’s political agenda. It is abundantly clear that the Attorney General’s Office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place. We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims,” said Alina Habba, an attorney for Trump.
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14 Responses
The Trump organization rejected a settlement offer by the AG
Does anyone believe that if Trump were still a Democrat megadonor he would be facing this lawsuit?
Valuation of assets is an area that calls for major judgments calls and you can be sure that Trump did not assign those values himself. He paid tens of thousands of dollars to a CPA firm to do so for him.
Even according to James herself there seems to be no one who was actually damaged by those valuations.
Lititia James ימח שמו וזכרונוneeds to be countersued for defamation and needs to be disbarred and needs to be voted out of office come 11/8/2022, as does hochul.
No wonder there has been no time to prosecute viscious criminals, and hence no wonder the spike in crime.
Eric Adam’s needs to be true to his words & cross party lines immediately
it looks like that that the AG has only one job to go after Trump while NY state is burning
And don’t forget the mushchis “Flatbush Girl” doing a video with Tish James and she tells the future ag “sue him for us” in her nasal voice. What an embarrassment.
New York Democrats aren’t clever. They are undermining what’s left of their own economy by discouraging businesses from having offices in the state, where they can count on being harassed. Politically, they are forced to tell voters “Vote me, I’ll fight the evil Donald and his family”, which guarantees a backfire since many voters are more concerned with issues unrelated to the Trump family, and Trump might not be on the ballot. And if the Trumps were following standard business practices followed by most small businesses, they’ll win – but if the Trump’s lose it reduces the chance they’ll be on the ballot in the immediate future (and even the super-blue voters are more concerned with matters such as war and peace, the economy, culture wars, criminal justice etc., then what Donald Trump is up to). So instead of James running on a record on issues that matter, she’ll be remembered for her obsession with Donald Trump (a largely retired Floridian who like many others, fled New York).
I guess she’s just following trump tactics
I always said he’d regret running for president, it just brought his fraudulent acts to greater focus and scrutiny. His gaiveh has ruined him.
Something he has never attempted to explain, why is Letitia James a “racist”? Because he’s a white criminal?
The democrats won’t stop trying!!! It’s scary but maybe someone should remind them what happened to the “tzefardia in mitzraim” the harder you hit the more and stronger it’ll come!!! They can try all the want but; TRUMP 2024!!! All the way baby!!!
To sam33: nothing worse than a nasal voice.
Dear Sir Woodman,
You deserve 516,000 bonus points for a real true honest comment.
How come accusations keep piling up, but nothing ever comes of it?
I see now that the supposedly frum commenters here are defending tax fraud.