Tag

Civilfraud

All articles tagged with #civilfraud

politicslegal2 years ago•2 min saved

"New York AG Targets Trump for $370M in Fraud Case, Family Predicts Potential Ruin"

Former President Donald Trump has reacted strongly to New York Attorney General Letitia James' move to seek $370 million in fines against him in a civil-fraud case. Trump's outburst on Truth Social, where he called James "totally corrupt," comes after the AG's office increased the damages sought from $250 million to $370 million, citing new evidence of fraudulent conduct by Trump and his organization. The case, which also seeks to ban Trump and his sons from New York real estate dealings, is part of a series of legal challenges that could affect Trump's 2024 presidential run. Judge Arthur Engoron is expected to rule on the case by the end of January.

via Newsweek|

##civilfraud #donaldtrump

legal2 years ago•1 min saved

New York AG Ups Ante to $370M in Trump Civil Fraud Case

New York Attorney General Tish James is seeking a $370 million fine against Donald Trump and his business empire for civil fraud, an increase from the initially proposed $250 million. The trial, which began in October, presented evidence that Trump exaggerated his asset values to secure favorable loan and insurance terms. The additional penalty is based on the financial benefits Trump allegedly gained from these actions. Trump's defense maintains that his net worth was not inflated in financial documents and that banks and insurers did not rely on those documents. The trial is concluding, with closing arguments scheduled and a ruling from Justice Arthur Engoron expected soon.

via POLITICO|

##civilfraud #financialpenalties

legal2 years ago•6 min saved

"NY AG Targets Trump for $370M in Civil Fraud Case"

New York Attorney General Letitia James is seeking $370 million from Donald Trump and his co-defendants in a civil fraud trial, aiming to bar them from doing business in the state. The sum represents an increase from the initial $250 million sought, based on allegations of fraudulent financial statements that purportedly benefited Trump financially. The trial has already seen a summary judgment ruling against Trump for persistent fraud, and his attorneys are planning appeals. The attorney general also seeks a five-year business ban for Donald Trump Jr. and Eric Trump, while Trump's legal team denies any intent to defraud and questions the credibility of key witnesses. Judge Arthur Engoron has dismissed several of Trump's defense arguments and will soon hear closing arguments in the case.

via CNN|

##businessban #civilfraud

legalbusiness2 years ago•2 min saved

NY Attorney General Pursues Lifetime Ban and $370M from Trump in Fraud Case

New York Attorney General Letitia James is seeking a $370 million penalty from Donald Trump following his civil fraud trial, a figure higher than the initially estimated $250 million. The trial, which concluded last month, demonstrated Trump's unlawful gain of that amount. Trump's lawyers have contested the allegations, claiming insufficient evidence, but the trial judge, Arthur F. Engoron, has previously ruled against Trump, finding him guilty of fraud. The final ruling is expected by the end of the month, with additional requests to bar Trump from New York's real estate industry and company leadership within the state.

via The New York Times|

##civilfraud #financialpenalty