His three adult children and the Trump Organization are also involved
At the end of a three-year investigation the attorney general of New YorkLetitia James, presented a civil lawsuit against Donald Trumphis three adult children and the Trump Organization, accused of being involved for over a decade, to get rich, in a ‘extensive fraud. In particular, the accusation is of having deceived investors and tax authorities by inflating property values to obtain investments and then decreasing them to obtain tax breaks and low-interest loans.
“This conduct cannot be ignored or forgiven as a bona fide mistake – James said today at a press conference – statements of financial conditions have been enormously inflated, falsely and fraudulently and illegally”. The prosecutor’s office asks for a $ 250 million fine and that the court prohibits the former president and his children – Donald Jr, Ivanka and Eric – from holding executive positions in companies registered in the state of New York.
James accused Trump of having “falsely increased his worth by billions of dollars to get rich and cheat the system and thereby fool us all.” The value of assets was manipulated “to induce banks to lend money to the Trump Organization on more favorable terms, pay lower taxes, push insurance companies to provide more advantageous coverage”.
Trump’s response – who in the past has attacked the “vengeful and self-centered” prosecutor several times – came to her lawyer Alina Habba: “Today’s appeal is not based on facts or law, but solely on the advancement of the prosecutor’s political agenda “.