NY AG sues Trump over fraud claims

On Wednesday, it was reported that Democrat New York Attorney General Letitia James is on yet another anti-Trump fishing expedition — this time claiming tax fraud against the 45th President and his family.

The Hill reports:

Attorney General Letitia James’s (D) office has been leading a years-long investigation into whether the [45th] president’s company misled investors and tax authorities by inflating property values to get investments and subsequently deflating them to get tax and loan benefits.

Trump has dismissed what he called a “phony years-long crusade” against him and criticized James for the inquiry.

When he appeared before the attorney general’s office for questioning last month, Trump invoked his Fifth Amendment rights and declined to answer questions.

Two of Trump’s children, Ivanka Trump and Donald Trump Jr., were subpoenaed along with their father and sat for depositions earlier this year.

CNBC adds:

“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.”

James’ civil — not criminal — suit seeks damages of $250 million while demanding President Trump, Donald Trump Jr., Eric Trump, and Ivanka Trump be permanently blocked from serving as officers of the company in the state of New York.

1 thought on “NY AG sues Trump over fraud claims”


    The world will not be a nice place again until hateful people like this who use their political status to try and negatively influence voters to vote their way, on both sides, are prohibited from posting unsubstantiated lies about other people. Sick of all these rotten, lying politicians on both sides. Need a 3rd party.

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