New York AG Files Civil Lawsuit: Trump Falsely Inflated His Worth By Billions of Dollars To Enrich Himself
[guest post by Dana]
The announcement was made this morning:
New York’s attorney general filed a sweeping civil suit Wednesday against former President Donald Trump, his business, and his three eldest children.
James is seeking to permanently bar the Trumps from conducting business in New York and pursuing $250 million in penalties. The state attorney general’s office is also seeking the appointment of an independent monitor to “oversee compliance, financial reporting, valuations, and disclosures to l enders, insurers, and tax authorities at the Trump Organization” for at least five years.
“Trump falsely inflated his net worth by billions of dollars to further enrich himself and cheat the system,” NY AG Letitia James’ office said…”Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization,” James said at a news conference announcing the civil action Wednesday.
You can find the lawsuit here.
P.S. Our host has thoughts about Leticia James and her involvement in the lawsuit against Donald Trump:
The whole point of holding Donald Trump accountable is to restore faith in the rule of law. This sort of thing undermines that faith, to the point where even reasonable people will be forced to wonder to what extent this lawsuit is a political vendetta.
— Patterico (@Patterico) September 21, 2022