New York prosecutors accuse Trump of fraud

New York prosecutors accuse Trump of fraud

From: 09/21/2022 6:22 PM

There are a number of allegations against former US President Trump. One: He is said to have reduced or increased his company’s financing as needed in order to obtain financial advantages. The New York attorney general’s office is now suing him.

New York state attorneys have filed a civil lawsuit against former US President Donald Trump for fraud. Attorney General Letitia James announced that charges will also be brought against Trump’s company and his sons Donald Jr, Eric and Ivanka.

James says he is seeking fines totaling $250 million. In addition, Trump and his family should forever be banned from doing business in upstate New York.

“Billions of Dollars Inflated Assets”

According to the allegations, the defendants are said to have increased or decreased their financial resources according to their needs, for example to make it easier to get loans or to pay lower taxes. James said it relates to annual information on the financial situation from 2011 to 2021. Deutsche Bank is said to have granted such loans.

“Donald Trump has falsely inflated his fortune by billions of dollars to unfairly enrich himself and deceive the system – so we all,” James said. She led civil investigations into the Trump corporation’s empire for three years and, according to current information, spoke to 65 witnesses for the prosecution and evaluated “millions of documents.”

Lawyer: “Absolutely a sin.”

Trump’s attorney, Alina Hobba, accused Democrat James of pursuing a purely political agenda with her unfounded allegations. “It is quite clear that the attorney general’s office has exceeded its legal authority by intruding into cases where there was absolutely no wrongdoing,” Hobba said. “We are confident that our legal system will not condone this uncontrolled breach of office.”

In the United States, prosecutors usually belong to a party and are elected by the people in many states. James is a member of the Democratic Party and works for the New York state government. So Trump, who is a Republican, repeatedly describes the operation as politically motivated and calls it a “witch hunt.”

Trump hinted at running again

There are allegations against the former president in many cases. Among other things, the FBI Secret and secret documents in Trump’s Mar-a-Lago estate I secured. In Georgia, he is said to have illegally lobbied the Election Commission to show him additional votes in the 2020 election. A commission of inquiry is also looking into his role in the January 6, 2021 Capitol storming and may eventually recommend his prosecution.

Trump has repeatedly indicated that he wants to run for president again in 2024, but he has not yet officially announced this. Experts are of the opinion that an often multi-year measure with opportunities for review and renegotiation before the elections in November 2024 is unlikely to lead to a conviction.


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