NY Attorney General Sues Donald Trump And His Company

NEW YORK (AP) — The Attorney General of New York on Wednesday indicted former President Donald Trump and his firm for business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, DC

Attorney General Letitia James’ lawsuit, filed in state court in New York, is the culmination of the three-year civil investigation by Democrats into Trump and the Trump Organization. Trump’s three eldest children, Donald Jr., Ivanka and Eric Trump, have also been named as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.
The lawsuit seeks to get to the heart of what made Trump famous, and upsets the image of wealth and opulence he’s embraced throughout his career — first as a real estate developer, then as a reality TV host “The Apprentice” and “Celebrity Apprentice” and later as President.

James, a Democrat, provided details of the lawsuit at a news conference on Wednesday. The case surfaced on a court filing on Wednesday morning.

James said Trump “falsely inflated his fortune by billions of dollars.”

The goal, the attorney general said, was to buff Trump’s billionaire image and improve the value of his property when doing so gave him an advantage, while downplaying the value of assets for tax purposes at other times.

This investigation found that Donald Trump acted illegally for years to inflate his wealth in order to deceive banks and the people of great upstate New York,” James said at the press conference. “He claims you have money you don’t have is not the art of the deal. It’s the art of stealing.”

James is seeking to remove the Trumps from companies involved in the alleged fraud and wants an independent observer appointed for at least five years to oversee compliance, financial reporting, valuations and disclosure to lenders, insurers and tax authorities monitor the Trump Organization.

She is seeking to replace the current trustees of Trump’s revocable trust, which controls his business interests, with an independent trustee to prevent Trump and the Trump Organization from making commercial real estate purchases and receiving loans from banks in New York for five years years and permanently bans Trump and his three eldest children from serving as an officer or director of any New York corporation or similar business entity registered and/or licensed in New York State.

She is also seeking to permanently bar Weisselberg and McConney from serving in the financial control function of a New York corporation or similar business entity registered and/or licensed in New York State.

James said their investigation uncovered potential criminal violations, including falsifying business records, issuing false financial statements, insurance fraud, conspiracy and bank fraud. She said her office is referring those findings to federal prosecutors and the Internal Revenue Service.

Alina Habba, an attorney for Trump, said the lawsuit “does not focus on the facts or the law — it focuses solely on advancing the attorney general’s political agenda.”
“It is quite clear that the Attorney General’s office has exceeded its statutory powers by investigating transactions in which absolutely no wrongdoing took place,” Habba said. “We are confident that our justice system will not condone this uncontrolled abuse of office, and we look forward to defending our client against every single unsubstantiated allegation made by the Attorney General.”

James’ lawsuit comes amid a flurry of unprecedented legal challenges for a former president, including an FBI probe into Trump’s handling of classified records and investigations into his efforts to overturn the 2020 election.

The Trump Organization is scheduled to face trial in October in a criminal case alleging it planned to give untaxed perks to senior executives, including its longtime chief financial officer, Weisselberg, who alone raked in more than $1.7 million in extras.

Weisselberg, 75, pleaded guilty Aug. 18. His pleading calls for him to testify at the company’s trial before serving a five-month sentence. If convicted, the Trump Organization could face a fine of twice the unpaid taxes.

Manhattan District Attorney Alvin Bragg has conducted a parallel criminal investigation into the same business practices at the center of James’ civil lawsuit. That investigation lost momentum earlier this year after Bragg raised questions internally about whether a criminal trial was viable, but the Democrat said it has not been abandoned.

At the same time, the FBI continues to investigate Trump’s storage of sensitive government documents at his Mar-a-Lago, Florida estate, and a special grand jury in Georgia is investigating whether Trump and others attempted to influence state election officials.
All of the legal drama is playing out ahead of the November midterm elections, in which Republicans are trying to gain control of one or both houses of Congress.

Meanwhile, Trump has laid the groundwork for a possible comeback campaign for president in 2024, accusing President Joe Biden’s administration of targeting him to hurt his political chances.

State law permits a wide range of civil remedies against companies that commit commercial fraud, including revoking licenses to conduct business in the state, removing company directors, and enforcing payment of refunds or surrender of ill-gotten gains.
James’ office may also seek to ban Trump from engaging in certain types of deals, as happened in January when a judge barred former drug company CEO Martin Shkreli from the drug industry for life.

In a previous clash with Trump, James oversaw the closure of his charity, the Trump Foundation, after her predecessor in the attorney general’s office, Barbara Underwood, filed a lawsuit alleging that he misappropriated her assets to resolve business disputes and to boost his run for the White House. A judge ordered Trump to pay $2 million to a number of charities to settle the matter.

James, who is running for office as a Trump critic and watchdog, began questioning his business practices in March 2019 after his former personal attorney, Michael Cohen, testified before Congress that Trump made his fortune from financial statements submitted to Deutsche Bank overdid it when he tried to get financing to buy the NFL’s Buffalo Bills.

Since then, James’ office and Trump’s attorneys have repeatedly disagreed over the direction of the investigation and Trump’s refusal to comply with subpoenas for his testimony and records. Trump fought for months the subpoena that led to his August testimony, and his attorneys failed to convince the courts that he should be excused from testifying because his answers could be used in Bragg’s criminal investigation.

In May, Trump paid a $110,000 fine after he was arrested in contempt of court for being slow to respond to a subpoena from James’ office requesting documents and other evidence. The contempt finding was overturned in June after Trump and his attorneys filed filings showing they had made good faith efforts to locate relevant documents.

Fighting Fentanyl: Huge Arrests Across Acadiana in 2022

The fight against fentanyl is daunting as the powerful drug continues to claim lives every day across the country. From Lafayette to the surrounding areas, law enforcement agencies have their hands full struggling to get off their respective streets.

Awareness of the deadly causes of fentanyl exists as people across the Acadiana region (and state) not only mourn the deaths of loved ones lost to the substance, but also hold memorial services and have recently worked with lawmakers to pass “Millie’s Law”. increasing criminal penalties for those who sell and distribute fentanyl.

“Fentanyl is a synthetic opioid that is 80 to 100 times more potent than morphine. Pharmaceutical grade fentanyl was developed to treat pain in cancer patients and is applied to the skin in a patch. Due to its powerful opioid properties, fentanyl is also diverted for abuse. Fentanyl is added to heroin to increase its potency or to be disguised as high-potency heroin. Many users believe they are buying heroin but are unaware that they are buying fentanyl – which often leads to overdose deaths. Secretly made fentanyl is mostly made in Mexico.”

Let’s take a look back at the headline-grabbing cases of fentanyl in 2022.

https://kpel965.com/ny-attorney-general-sues-donald-trump-and-his-company/ NY Attorney General Sues Donald Trump And His Company

Linh

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