New York Attorney General Letitia James has pledged since her appointment in 2018 that she would utilize her legal power as a check to hold former President Donald Trump accountable for any actions that would undermine the law. Now, that promise is bearing fruit.
A New York Supreme Court justice just ruled that Donald Trump and his adult sons committed fraud after it was discovered that he inflated the value of several of his assets and properties to suit his business needs.
This is exactly what James sued Trump, three of his adult children, and the global real estate company that carries his namesake for a year ago. She accused them of routinely inflating the value of assets like skyscrapers, golf courses, and his Mar-a-Lago estate in Florida. This suit seeks $250 million in financial penalties, plus strict limitations on the Trump Organization and its executives conducting any business in New York, the Washington Post reports.
Now that a judge has ruled that Trump and his company are liable for defrauding banks and insurers, his limited liability companies face liquidation, and the Trump Organization is set to lose its certificate that allows it to operate in New York.
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“Today, a judge ruled in our favor and found that Donald Trump and the Trump Organization engaged in years of financial fraud,” James, a Democrat, said in a statement Tuesday night. “We look forward to presenting the rest of our case at trial.”
Reuters reports that James filed “conclusive evidence” that…
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