New York Attorney General Letitia James (D) announced Wednesday a new lawsuit against 45th President Trump, is company, and some of his children, claiming fraud.
The Daily Wire reports:
James has led an investigation into Trump and his business for more than three years, a probe the former president has dismissed as a political witch hunt. When James deposed Trump last month as part of the investigation, the former president pleaded his Fifth Amendment rights hundreds of times.
The lawsuit targets the president, his business, and many associates. In addition to the former president, the lawsuit targets Donald Trump Jr., Eric Trump, Ivanka Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Revocable Trust, The Trump Organization, Inc., and others, according to CNN.
According to CNBC:
“Trump falsely inflated his net worth by billions of dollars,” James said at a press conference.
James said Trump massively overstated the values of his assets to obtain more favorable loan and insurance terms for his company, as well as to lower its tax obligations.
“The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year,” the suit alleges.
“All told, Mr. Trump, the Trump Organization, and the other Defendants, as part of a repeated pattern and common scheme, derived more than 200 false and misleading valuations of assets included in the 11 Statements covering 2011 through 2021.”
The civil suit seeks damages of at least $250 million while demanding Trump, Donald Trump Jr., Eric Trump, and Ivanka Trump be permanently barred from serving as officers of the company in the state.
more fake news from dems and rinos witch hunt i hope the president sues them all and they should be shamed and force to leave america for good
Letitia James is not without a criminal background. Investigation on my part found she is guilty of insider trading and was in trouble for that. IT is time for all of us to do a real investigation on her, her personal accounts, her business & accounts, her entire family and their accounts as well checking for criminal background on all of them. No one is above the law! She is so hell bent on getting Trump she can’t see the good in him or us. I want to see her in prison for what she is doing. Her hate goes beyond the norm and she is a black supremist!
A witch hunt again, from a witch, that hates Trump,she admitted it she would go after him, before being elected, just another corrupt dumbocrap, seeking vengeance,be careful.
Seems like all the Democrats have to do is ” witch hunt ” Trump ?! Surely they have more to do than waste time and tax payer money on something that is not going to bear fruit…..he is not guilty of a durn thing !! To be fair tho, its not all Democrats who are guilty of this, just a chosen few…….many would like to get on with real problems that are on their plates that need to be solved…………don’t think it will happen till the ones in charge are voted out of office or die from old age, I am as old as most of them and know its not easy to run a country with fewer amounts of grey matter in our brains…… NOT a doctor or even a nurse but know what I see and hear from those who are running it….yeah our country into the ground…….Lord help our country to survive all this mess they got us into……
It’s a witch hunt. Dems. want to make sure Trump can’t run in 2024 and Mr. Trump hasn’t even said he’ll run in 2024 yet. Let’s make sure we get the family in on it too, make sure that he really won’t run in 2024.Let them go broke so the Dems can have the last say. So sad, Dems will do anything to not have Pres Trump run. Just terrible, I see karma coming. Dems & the woke are very afraid, that’s why they are doing this. They will probably start coming after the people on this site too. Witch Hunt! Who next? Ron DeSantis, you bet.
The Dim/Commies are terrified of Pres. Trump, and of We the People.
Yes, Sam, I too think DeSantis has a bulls eye on his back for being savvy enough to pretty much over ride anything a Democrat tosses his way, and they are very scared of him or would not be hounding him already !
just want you to know this every time the dimwitscrats go after trump we the tax payer foot the bill . for these witch hunts
t’s a fraud case,not even a criminal case. It’s the best she could do. She’s losing in the polls so she had to produce some kind of an announcement. I imagine the flimsy evidence will be cut thorough like soft cheese by the presidents lawyers.