This is. civil suit …
It’s about the Trump Organisation which is in a criminal case by the Manhattan DA’s office….
One might think that this case could have Federal IRS ramifications….
Attorney General James had won her effort to bring Trump in for testifying on the case….
Trump clamed up with the 5th Amendment in the Q &A session…
The AG could go after Trump’s family member’s who are connected to Organisations management….
The New York attorney general’s office has rebuffed an offer from Donald J. Trump’s lawyers to settle a contentious civil investigation into the former president and his family real estate business, setting the stage for a lawsuit that would accuse Mr. Trump of fraud, according to three people with knowledge of the matter.
The attorney general, Letitia James, is also considering suing at least one of Mr. Trump’s adult children, the people said. Ivanka, Eric and Donald Trump Jr., have all been senior executives at Mr. Trump’s company, the Trump Organization.
The likelihood of a lawsuit grew this month after Ms. James’s office rejected at least one settlement offer from Mr. Trump’s lawyers, the people said. While the Trump Organization for months has made overtures to the attorney general’s office — and the two sides could still reach a deal — there is no indication that a settlement will materialize anytime soon.
Ms. James, a Democrat who is running for re-election in November, is focused on whether Mr. Trump fraudulently inflated the value of his assets and has mounted a three-and-a-half-year inquiry that has cemented her as one of the former president’s chief antagonists. Mr. Trump, who has denied all wrongdoing and derided the investigation as a politically motivated witch hunt, has fired back at her, filing an unsuccessful lawsuit to block her inquiry and calling Ms. James, who is Black, a racist.
A lawsuit from Ms. James would supercharge their drawn-out battle, offering her an opportunity to deliver a significant blow to the former president and his business, which she vowed before taking office to “vigorously investigate.” If the case goes to trial and Mr. Trump loses, a judge could impose financial penalties and restrict the former president’s business operations in New York — all potentially in the midst of a 2024 presidential campaign that he is expected to join….
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Ms. James is hardly the only one investigating Mr. Trump, whose final weeks in office are under the microscope in at least three separate criminal investigations…
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The district attorney, Alvin L. Bragg, has said that his office is continuing to investigate Mr. Trump, an inquiry that is separate from the tax charges against the Trump Organization that his office is taking to trial next month.
Mr. Trump’s silence under oath at his deposition stemmed in part from the existence of Mr. Bragg’s investigation. His lawyers feared that any misstatement — or self-incrimination — could have breathed new life into that inquiry, a person with knowledge of his thinking said at the time….
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A deal-breaker for Mr. Trump would be if Ms. James sought to shut down his business operations in New York. But in the same podcast appearance, Ms. James suggested that she might stop short of seeking what is sometimes called the “corporate death penalty,” in which a judge orders the dissolution of a company.
“I don’t want to go that far,” Ms. James said. All she wanted to do, she added, was to ensure that Mr. Trump and his company understood that they could not use fraudulent valuations in the future. “He needs to be held accountable,” she said. “Him and his corporation.”…