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Newyorkag

All articles tagged with #newyorkag

legal2 years ago

"Ex-NRA Executive's Guilty Plea and Resignation Shake Up NY AG's Landmark Corruption Trial"

Joshua Powell, former NRA operations director, has pleaded guilty to fraud and agreed to testify in the trial against the organization led by New York Attorney General Letitia James. The trial accuses senior NRA management of misappropriating funds for personal use. Powell admitted to breaching his fiduciary duties and misusing charitable assets, resulting in a $100,000 restitution and a permanent bar from nonprofit officer roles. Wayne LaPierre, NRA's executive vice president, has resigned citing health reasons, amidst these legal challenges.

via ABC News|
##fraud#joshuapowell
legalpolitical-news2 years ago

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

New York Attorney General Letitia James has increased the potential fraud penalty against former President Donald Trump from $250 million to $370 million following a civil fraud trial. Trump has responded with a vehement denial on Truth Social, insisting on his innocence and criticizing the lack of a jury trial, although his legal team never requested one. The decision, which includes a proposal to ban Trump from running any company in New York, is pending with Judge Arthur F. Engoron, who is expected to rule by the end of January. Trump's team contends that the Attorney General has not proven her case.

via The Daily Beast|
##civiltrial#financialpenalty
legal2 years ago

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
legalpolitics2 years ago

NY Attorney General Pursues $370M and Real Estate Ban Against Trump for Fraud

New York Attorney General Letitia James is seeking a $370 million fine and a lifetime ban from the real estate industry against Donald Trump and a ban for two of his executives, following a summary judgment finding them liable for persistent fraud. The case involves inflated financial statements, with the defense denying intent to defraud and questioning the impact of the alleged fraud. Trump has labeled the lawsuit a "witch hunt" and plans to appeal. The trial's closing arguments are set for January 11, with a decision expected shortly after.

via NBC News|
##financialmisconduct#legalpolitics
legalbusiness2 years ago

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