New York Attorney gneral Tish James is ging after Trump & Co, for inflating theur net worth to get acces to capital, get better insurance coverage and lower his taxes owed…
The figure of $250 Million in penalties against Trump & Co. has been mentioned in the Civil Suit set to go to court in less tha a mont on October 2nd….
Judge Arthur Engoron’s ruling came a day after the aforementioned attorneys’ request. New York Attorney General Letitia James (D) brought the charges against Trump, his family and his business last year, claiming that the former president inflated his net worth by as much as $2.2 billion for lower taxes and better insurance coverage.
“While this is just the tip of a much larger iceberg of deception Plaintiff is prepared to expose at trial — which would result in carving off billions more from Mr. Trump’s net worth — it is more than sufficient to permit this Court to rule as a matter of law that each [statement of financial conditions] from 2011 to 2021 was false or misleading,” James wrote.
A later appeals court ruling released Trump’s daughter, Ivanka Trump,from the suit. The ruling also found some of the business fraud counts fall outside the statute of limitations under New York law…..