New York Attorney General Letitia James has filed suit against former President Donald Trump, three of his adult children and his business empire, accusing them of large-scale fraudulent financial practices and seeking to bar them from real estate transactions for the next five years.
The attorney general’s civil suit alleges more than a decade of deception, including billions of dollars in falsified net worth, as part of an effort to minimize his companies’ tax bills while winning favorable terms from banks and insurance companies. It seeks about $250 million in allegedly illegal profits netted from the scheme, as well as a five-year ban on the former president, Donald Trump Jr., Ivanka Trump and Eric Trump participating in any real estate transactions — a restriction that would spell the end of the Trump real estate empire. In addition, it seeks a permanent ban on the former president and his family members involved in his business enterprises from serving as directors or officers of any New York corporation or business licensed in the state.
James’ suit relies on a special statute for repeat instances of alleged violations of the law, stemming from real estate transactions. She is also filing a criminal referral to federal prosecutors in Manhattan and a separate tax fraud referral to the IRS for the same underlying allegations.
-------------------------------- We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb
Bazootiehead-in-training
Posts: 37953 | Location: Somewhere in the middle | Registered: 19 January 2010
For me....He's interesting as long as there's a possibility that he could get re-elected.
-------------------------------- We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb
Bazootiehead-in-training
Posts: 37953 | Location: Somewhere in the middle | Registered: 19 January 2010
[QUOTE]Originally posted by wtg: For me....He's interesting as long as there's a possibility that he could get re-elected.[/QUOTE
Or until the the cell door slams
The criminal prosecutor made the case a priority, then he lost interest and was stalling. Two of his staff quit. He should be pressured to get the criminal case going.
-------------------------------- Several people have eaten my cooking and survived.
Posts: 25712 | Location: Still living at 9000 feet in the High Rockies of Colorado | Registered: 20 April 2005
