In addition to seeking $250 million in penalties, and barring the Trumps from ever operating a business in the state again, the New York attorney general has made a criminal referral to the Department of Justice.
spending years lying to lenders and insurers, fraudulently inflating assets, and violating state criminal laws.seeking $250 million in penalties, James hopes to bar the entire Trump family from ever running a business in New York again. “The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year,” the suit reads.
Ms. James, who has become one of Mr. Trump’s primary antagonists, is looking to extract a steep price from the former president and his company. Her lawsuit asks a judge to appoint an independent monitor to oversee the company’s financial practices, while ousting the Trumps from the leadership of their own family business; Ms.
In announcing the action against the company, James said Wednesday the ex-president didn’t just “cheat the system” he cheated “all of us.” On Twitter, she : “There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans.
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