New York Attorney General Letitia James is seeking a speedy judgment against former President Donald Trump for allegedly inflating his net worth by billions of dollars to fraudulently secure favorable loan and insurance terms for more than a decade.
In a filing Wednesday night in New York court, James argued that Trump, his sons, and his business had obtained “hundreds of millions of dollars in ill-gotten savings and profits” and that, given the volume of evidence her office has collected, the judge should issue what’s known as a summary judgment, essentially a ruling without the trial scheduled on October 2.
Together, Trump’s civil and criminal cases continue to dominate the 2024 Republican primary calendar, and his legal troubles have consumed millions of dollars of his campaign funds.
She also argues that Trump valued his Mar-a-Lago estate in Florida as if he could sell it as a single-family residence, rather than as the social club that it is required to be under multiple restrictive deeds.
She argues that the answer to both of those questions is “yes” based on the evidence her office has presented, and that is enough to support finding Trump liable for fraud and barring him from conducting business under New York state law.
“… [T]he undisputed evidence establishes that Defendants employed a variety of deceptive schemes to grossly inflate values for many of Mr. Trump’s assets,” she writes.
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New York Attorney General Letitia James is seeking a speedy judgment against former President Donald Trump for allegedly inflating his net worth by billions of dollars to fraudulently secure favorable loan and insurance terms for more than a decade.
In a filing Wednesday night in New York court, James argued that Trump, his sons, and his business had obtained “hundreds of millions of dollars in ill-gotten savings and profits” and that, given the volume of evidence her office has collected, the judge should issue what’s known as a summary judgment, essentially a ruling without the trial scheduled on October 2.
Together, Trump’s civil and criminal cases continue to dominate the 2024 Republican primary calendar, and his legal troubles have consumed millions of dollars of his campaign funds.
She also argues that Trump valued his Mar-a-Lago estate in Florida as if he could sell it as a single-family residence, rather than as the social club that it is required to be under multiple restrictive deeds.
She argues that the answer to both of those questions is “yes” based on the evidence her office has presented, and that is enough to support finding Trump liable for fraud and barring him from conducting business under New York state law.
“… [T]he undisputed evidence establishes that Defendants employed a variety of deceptive schemes to grossly inflate values for many of Mr. Trump’s assets,” she writes.
The original article contains 834 words, the summary contains 231 words. Saved 72%. I’m a bot and I’m open source!