N.Y. Attorney General Accuses Trump of ‘Staggering’ Fraud in Lawsuit

[Say it aint so]

Donald J. Trump, his family business and three of his children lied to lenders and insurers for more than a decade, according to the New York attorney general, Letitia James, who accused him of fraudulently overvaluing his assets by billions of dollars in a sprawling scheme. She is seeking to bar the Trumps from ever running a business in the state again.

Ms. James concluded in a sweeping lawsuit filed on Wednesday that Mr. Trump and his family business violated several state criminal laws and “plausibly” broke federal criminal laws as well. Her office, which in this case lacks authority to file criminal charges, referred the findings to federal prosecutors in Manhattan; it was not immediately clear whether the U.S. attorney would investigate...
...“The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year,” according to the lawsuit. Ms. James, a Democrat who is running for re-election, filed the lawsuit, which comes just weeks after the former president refused to answer hundreds of questions under oath in an interview with Ms. James’s office.

Mr. Trump has long used his net worth to construct a public persona as a self-made billionaire, an image that underpinned his initial run for the White House. But, according to Ms. James, he had a financial motivation for inflating his property values.

His company, the Trump Organization, provided the fraudulent financial statements to lenders and insurers, her suit said, “to obtain beneficial financial terms,” including lower interest rates and lower premiums. All told, Ms. James said, he was able to obtain a quarter of a billion dollars in ill-gotten gains, money that she now wants the company to forfeit.

NYTimes

Given Trump's history, this should be no surprise.

 

[Ceallaigh]

In a CNBC article posted in another forum it said, "James’ office reviewed millions of documents". And I thought, wouldn't that have taken up their entire workload for at least a couple of years?

 

[Danthemailman]

https://www.newsmax.com/newsfront/letitia-james-attorney-general-donald-trump/2022/09/21/id/1088472/

Former President Donald Trump on Wednesday labeled New York Attorney General Letitia James a "racist" and "fraud" after she announced the state was suing Trump, his company, and family members.

She is seeking to bar the Trumps from ever running a business in the state again after alleged fraud involving financial statements related to the company.

"Another Witch Hunt by a racist Attorney General Letitia James, who failed in her run for governor, getting almost zero support from the public, and now is doing poorly against Law & Order A.G. candidate, highly respected Michael Henry," Trump wrote in a Truth Social post.

 

[Ceallaigh]

I suppose the strategy is to get votes to keep her in office to nail the Donald. Only 47 days left.

 

[Aldebaran]

NYTimes

Given Trump's history, this should be no surprise.

Given the NY AG's publicized hatred of Trump, it should come as no surprise.

 

[wing2000]

https://www.newsmax.com/newsfront/letitia-james-attorney-general-donald-trump/2022/09/21/id/1088472/

Former President Donald Trump on Wednesday labeled New York Attorney General Letitia James a "racist" and "fraud" after she announced the state was suing Trump, his company, and family members.

She is seeking to bar the Trumps from ever running a business in the state again after alleged fraud involving financial statements related to the company.

"Another Witch Hunt by a racist Attorney General Letitia James, who failed in her run for governor, getting almost zero support from the public, and now is doing poorly against Law & Order A.G. candidate, highly respected Michael Henry," Trump wrote in a Truth Social post.

I guess MAGA world has their talking points....none of which will hold up well in a court of law.

 

[wing2000]

The complaint....and press conference..

https://docs-cdn-prod.news-engineer...shed/2d091c59-f7e0-4690-841c-d070a4b80646.pdf

New York Attorney General Leticia James Announcement | C-SPAN.org

 

[Danthemailman]

I guess MAGA world has their talking points....none of which will hold up well in a court of law.

The witch hunt never ends. We'll see what kind of tricks the Democrats have up their sleeves this time around in a court of law. It's the Democrats who are destroying America and not the MAGA boogeyman.

 

[Aldebaran]

The witch hunt never ends. We'll see what kind of tricks the Democrats have up their sleeves this time around in a court of law. It's the Democrats who are destroying America and not the MAGA boogeyman.

Probably no tricks, other than to just file more lawsuits in the future if this one falls through.

 

[CRAZY_CAT_WOMAN]

I suppose the strategy is to get votes to keep her in office to nail the Donald. Only 47 days left.

It shouldn't matter who's in office. If did something illegal. It should be investigated. If innocent, then he's innocent.

 

[Hans Blaster]

Former President Donald Trump on Wednesday labeled New York Attorney General Letitia James a "racist" and "fraud" after she announced the state was suing Trump, his company, and family members.

Not sure how prosecuting a real estate company makes someone a "racist" or "fraud". Why is it that every invective Trump uses seems to apply to him at least equally as well?

 

[Danthemailman]

Not sure how prosecuting a real estate company makes someone a "racist" or "fraud". Why is it that every invective Trump uses seems to apply to him at least equally as well?

Trump has been relentlessly attacked by the left from the very beginning and the left has overplayed the race card to the point of mauseam, even to the point of exploiting racism for political gain. You can't tell me that the AG of NY has no biased agenda here. Is she racist? Would not surprise me one bit and racism is a two way street.

 

[Akita Suggagaki]

The witch hunt never ends.

Slippery witch with too many minions.

 

[Tinker Grey]

Apropos of nothing: CS Lewis said something like one should not be proud of not burning witches if the reason is that you don't believe they exist.

(n.b., I *did* say apropos of nothing.)

 

[Say it aint so]

In a CNBC article posted in another forum it said, "James’ office reviewed millions of documents". And I thought, wouldn't that have taken up their entire workload for at least couple of years?

Yes. It started in 2019.

 

[Say it aint so]

Given the NY AG's publicized hatred of Trump, it should come as no surprise.

Trump has a long history of screwing investors, contractors, union workers, American workers, and has had two entities shut down for fraud while currently fleecing his supporters by misusing donations. She can "hate" Trump to the ends of the earth, but that doesn't excuse Trump for just constantly choosing to do the wrong thing. Action have consequences.

 

[Say it aint so]

The left has no room to talk attacking their opponents. Dividen Biden's speech was only one of many examples.

And then at a very MAGA rally that Biden is speaking about, Trump makes Qanon references and the MAGA crowd responds. If anything, Biden is being proven right.

 

[Danthemailman]

And then at a very MAGA rally that Biden is speaking about, Trump makes Qanon references and the MAGA crowd responds. If anything, Biden is being proven right.

Trump was proven right about Biden. Have you seen the inflation rate and the crime rate across America? Our oil reserves are also at their lowest since 1984. I've never seen America this divided before either thanks to Biden!

 

[Danthemailman]

 

[Ceallaigh]

Magas and Qanons and Cultists, oh my!