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Realestateban

All articles tagged with #realestateban

New York AG Pursues $370M Fine, Real Estate Ban for Trump in Fraud Case

Originally Published 2 years ago — by CBS News

New York Attorney General Letitia James is seeking to bar former President Donald Trump from the New York real estate industry and fine him and other defendants $370 million for alleged fraudulent practices. The state's legal team claims Trump inflated asset values to secure favorable loan and insurance terms, a charge Trump's lawyers deny as "unconscionable" and unsupported. The case, which has already seen Trump and his adult sons found liable for fraud, is awaiting a final ruling after closing arguments scheduled for January 11.

nation politics fraudtrial letitiajames newyork politics realestateban trump

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

Originally Published 2 years ago — by NBC News

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.

nation legalpolitics financialmisconduct legalpolitics letitiajames newyorkag realestateban trumpfraudcase