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Civil Fraud Lawsuit

All articles tagged with #civil fraud lawsuit

legalcivil-lawsuit2 years ago

"Newly Released Deposition Video Reveals Trump's Annoyance and Defiance in Civil Fraud Lawsuit"

Newly released deposition video of Donald Trump shows his demeanor going from calm to indignant as he faces the New York attorney general's questioning in a civil fraud lawsuit, where he rips the lawsuit as a "disgrace" and "a terrible thing." Trump insists the banks allegedly deceived suffered no harm and accuses the attorney general of spending time investigating him instead of stopping violent crime. He invokes his Fifth Amendment privilege more than 400 times in a previous deposition and claims his financial statements were not meant to be taken seriously, with some numbers being "guesstimates." Trump boasts about the value of his brand and properties, using superlatives to describe them, and suggests he could get staggering amounts if he were to sell them.

via ABC News|
#civil-fraud-lawsuit#deposition-video#donald-trump
politics2 years ago

Ivanka Trump's Testimony Reveals Legal Strategies and Family Dynamics

Ivanka Trump testified for four hours in a civil fraud lawsuit brought by New York's attorney general, maintaining a composed and polite demeanor while repeatedly stating "I don't recall" in response to questions about her knowledge of her father's financial statements. Legal experts suggest that this strategy is common in business cases, allowing executives to argue that they handle numerous issues and interact with many people daily. The timing of the alleged instances and documents, which date back ten or more years, further supports her lack of recall. Experts believe that her testimony is unlikely to have a significant impact on the trial's outcome, and her appearance on the stand may even play into the narrative of a political witch hunt, according to some observers.

via BBC.com|
#civil-fraud-lawsuit#financial-statements#ivanka-trump
legal2 years ago

Trump's Fraud Trial: Controversy and Criticism Surrounding Mar-a-Lago Valuation

Former President Donald Trump has appealed a judge's decision to not dismiss the civil fraud lawsuit brought against him and his family business by New York Attorney General Letitia James. The appeal was filed as the trial began, with Trump watching as the state's first witness testified. James accuses Trump and his family of inflating property values and Trump's net worth by up to $2.2 billion over a decade. The appeal addresses the judge's findings and comes after Trump called the judge "deranged" and suggested he be disbarred. The trial could last into December, and Trump also faces four separate criminal indictments.

via Reuters|
#appeal#civil-fraud-lawsuit#donald-trump
politics2 years ago

Trump Accused of Inflating Net Worth by $2.2 Billion by New York AG

Lawyers for the New York attorney general's office allege that Donald Trump inflated his net worth by as much as $2.2 billion in one year, as part of their civil fraud lawsuit against him, his adult sons, and the Trump Organization. The attorney general's office claims that correcting the Trump financial statements for alleged misvaluations reduces his net worth by between 17-39% each year, with the $2.2 billion disparity occurring in 2014. Trump's lawyers argue that the case should be dismissed, asserting that the financial statements were not misleading. The attorney general's office is seeking to find that Trump and others made false or misleading financial statements from 2011-2021 and benefited from inflating his assets. The judge is expected to rule on the motions just before the trial.

via CNN|
#civil-fraud-lawsuit#donald-trump#financial-statements
politics2 years ago

Trump Returns to NYC for Deposition in AG's Lawsuit.

Former President Donald Trump is set to be questioned under oath on Thursday in a civil fraud lawsuit brought by New York Attorney General Letitia James, accusing him, his family business, and three of his children of a "staggering" fraud for overvaluing his assets by billions of dollars. The lawsuit seeks $250 million that it contends they reaped through those deceptions, made in Mr. Trump's annual financial statements. This is the latest in a series of legal predicaments entangling the former president, who also faces a separate 34-count criminal indictment unsealed last week.

via The New York Times|
#civil-fraud-lawsuit#deposition#donald-trump
legal2 years ago

Trump's attempts to delay civil fraud and rape trials denied by judge.

A New York judge has rejected former President Donald Trump's request to delay the scheduled Oct. 2 trial in state Attorney General Letitia James' civil fraud lawsuit, calling the date "written in stone." The judge agreed to push back some deadlines for gathering evidence but refused to move the trial date. Trump and three of his adult children, the Trump Organization, and others were sued by James last September over an alleged decade-long scheme to manipulate more than 200 asset valuations and Trump's net worth.

via Reuters.com|
#civil-fraud-lawsuit#donald-trump#evidence-gathering