New York Attorney General Tish James is suing Trump & Co.for fraudulent property values listing….
The Manhattan DA has a dormant Criminal case on the sem thing…
If the Attorney general is successful?
What would Trump’s IRS (US Attorney /Feds) and NY Taxes liabities be?
Oh, she wants to put Trump & Co. out of business in New York State…..
This is goiug at the heart of who Donald Trump IS, and has been, and how he has operated as a ‘businessman’ to make money….
Donald J. Trump, his family business and three of his adult children lied to lenders and insurers for more than a decade, fraudulently overvaluing his assets by billions of dollars in a sprawling scheme, according to a lawsuit filed on Wednesday by the New York attorney general, Letitia James, who is seeking to bar the Trumps from ever running a business in the state again.
Ms. James concluded that Mr. Trump and his family business violated several state criminal laws and “plausibly” broke federal criminal laws as well. Her office, which in this case lacks authority to file criminal charges, referred the findings to federal prosecutors in Manhattan; it was not immediately clear whether the U.S. attorney would investigate.
The 220-page lawsuit, filed in New York State Supreme Court, lays out in new and startling detail how, according to Ms. James, Mr. Trump’s annual financial statements were a compendium of lies. The statements, yearly records that include the company’s estimated value of his holdings and debts, wildly inflated the worth of nearly every one of his marquee properties — from Mar-a-Lago in Florida to Trump Tower and 40 Wall Street in Manhattan, according to the lawsuit….
Ms. James, who has become one of Mr. Trump’s primary antagonists, is looking to extract a steep price from the former president and his company. Her lawsuit asks a judge to appoint an independent monitor to oversee the company’s financial practices, while ousting the Trumps from the leadership of their own family business; Ms. James also wants to prevent the family from acquiring real estate in New York for five years in order to preclude the company from reinventing itself in Florida while expanding its New York operations.
If she is successful, Mr. Trump — as well as his children who are named as defendants, Eric, Ivanka and Donald Trump Jr. — will also be permanently barred from serving as officers or directors in any New York company, essentially chasing them out of the state. While Ms. James stopped short of trying to dissolve the Trump Organization altogether, she wants to shut down at least some of his New York operations.
While Mr. Trump has often leveraged law enforcement scrutiny to portray himself as a political martyr and raise money from his supporters, Ms. James’s lawsuit strikes at the foundation of his public image and his sense of self. Its detailed dissection of Mr. Trump’s financial statements suggests that the success he has attributed to financial savvy and business acumen are instead the product of fraud and chicanery….
AG James took out former NY Governor Cuomo….
Trump is next…..
She may be able to do what others is Washington have are having trouble doing…
Oh, Trump’s money man IS singing to her office….
image….Law . Com