New York is the core of Trump’s empire. However, according to Attorney General Letitia James, Donald Trump and his three oldest children will no longer be allowed to do business in the future. She accuses him of cheating
Former President Donald Trump once epitomized New York’s wealth, power and unabashed ambition. With Manhattan skyscrapers emblazoned with his name in capital gold letters, he represented the greatest possible success one could achieve in his hometown.
If the attorney general gets his way, he will never be able to do business in New York again.
That’s one of the sentences New York Attorney General Letitia James is seeking in a lawsuit filed Wednesday. In it, she accuses Trump of inflating the value of his assets by billions of dollars in order to obtain favorable credit terms and other financial benefits. She also wants to permanently ban his three oldest children, Donald Trump Jr., Ivanka Trump and Eric Trump, from doing business in New York. This would deprive the former president of the opportunity to leave an entrepreneurial legacy in the state.
At a press conference where James presented the allegation, she suggested that at least some of Mr. Trump’s wealth and success was made up from the start. “Donald Trump falsely inflated his net worth by billions of dollars to enrich himself and cheat the system, defrauding us all,” James said. She cited claims that his Trump Tower penthouse is three times larger than it actually is. And he increased the value of his home in Mar-a-Lago, Florida to $739 million.
According to James, Mr. Trump and his company 2011-2021. used the practice to get better credit terms, cheaper insurance, lower tax bills and other “incredible financial benefits.” She is demanding that Trump and the other defendants hand over $250 million that they say they misappropriated.
Trump talks about witch hunts
It will turn its findings over to federal authorities for possible prosecution, James announced. The charges come as Trump is already under federal criminal investigation into classified documents that FBI agents seized from his home in Mar-a-Lago, Fla., last month and his actions in connection with the Capitol attack. January 6 His New York company is under investigation for tax crimes by Manhattan District Attorney Alvin Bragg. In an interview that aired on Fox News Wednesday night, Trump told Sean Hannity that he didn’t think James would sue him because “they didn’t have a case.”
Earlier Wednesday, Trump said on his social media site Truth Social that the allegations were “another witch hunt” by James, who “spends all his time working for very powerful and well-connected banks and insurance companies” who were paid off in full amount , made a lot of money and never complained about me.” She should rather be fighting the murders and violent crimes “that are killing the state of New York.”
Trump’s lawyer, Alina Habba, said the James agency “exceeded its legal authority to interfere in transactions that had absolutely no wrongdoing.”
Trump has long argued that civil and criminal investigations in New York are politically motivated. Like most elected state officials, James and Bragg are Democrats, but have denied any bias in their investigations.
Politics has increasingly alienated the Queens-born Trump from his Democratic-dominated home state. Both in 2016 and 2020. In New York, he won more than 20…