How sophisticated are Donald Trump and his grown children, and other questions you may have about the “incredible” fraud lawsuit against them

By now, you may have heard News that on Wednesday morning, the attorney general of New York Letitia James filed a huge lawsuit against Donald Trump, his three eldest children, and the Trump Organization, are accused of more than a decade of “incredible” fraud that allowed the family to make hundreds of millions of dollars in illicit profits. In one Profile 222 pagesJames alleges the defendants spent years systematically lying about the value of their properties to secure larger loans, better insurance rates and smaller tax bills. For example, according to the lawsuit, while 40 Wall Street, a downtown building owned by the Trump Organization, was valued at $200 million on tax returns in 2010, the very next year, the The price suddenly skyrocketed to 524 million USD. In total, the lawsuit alleges that the defendants made more than 200 false and misleading valuations between 2011 and 2021, some of which were made during Trump’s presidency. James told reporters, note that, for the average person, it’s illegal to lie to banks to secure loans, whether it’s for a mortgage or to send their kids to college. “There can’t be different rules for different people in this country or in this state,” she said. AG’s office is seeking $250 million in damages and a permanent ban on the former chairman, Donald Trump Jr., Ivanka Trump, and Eric Trump never do business in New York again, among other penalties.

At this point, you may have questions. Fortunately, we have the answer.

How exactly does the fraud that James is accused of doing work?

Honestly, it’s pretty simple: They’re (supposedly) just made up, and pretty daring at it. For example, Trump’s three-story apartment in Trump Tower measures 10,996 square feet. But in 2015, he said declare it’s almost 3 times that size to warrant a completely ridiculous valuation of $327 million. (“That price is ridiculous because at the time, only one apartment in New York City had ever sold for even $100 million, for less than $10,000 per square foot, and that sale is in a newly built, super-tall apartment, ‘James’ office speak. “At the 30-year-old Trump Tower, the sales record at the time was just $16.5 million at less than $4,500 per square foot.”) At Trump Park Avenue, the man with his name on the door valued, every James, “12 apartments stabilize rents at market rates, increasing the value by 65 times.” At Mar-a-Lago, the for-profit Palm Beach club and his home, Trump said the property is worth $739 million when in reality it’s worth about one-tenth due to restrictions on housing. development (and, we guess, the ketchup stains cannot get out of the carpet). At a Westchester golf club, valuation is created by taking into account a high starting fee that was never collected. The lawsuit includes many other examples of what the AG office considers to be false financial records, including one in which Trump allegedly inflated his wealth on financial statements provided to him. Deutsche Bank when he tried to buy Buffalo Bills.

They say that children should not pay for the sins of their fathers. Are Don Jr., Ivanka and Eric unjustly caught up in all this? Are they really just innocent children that we should give a break?

[Author flashes the “give me a minute sign” while she catches her breath from laughing.]

In short, no. In short: No! Any! According to James, Trump’s three eldest children — all of whom have served as corporate executives — “intentionally participate“Among the fraud schemes outlined in the complaint, which “require” both Trump and their assistance to execute on such a large scale. In Vegas, for example, the lawsuit alleges Eric Trump used “fraudulent valuation assumptions and methods” set by AG to increase the value of Trump Vegas annually from 2013 to 2016. Donald Trump Jr. apparently joined Trump. Park Avenue scam. Ivanka, the former president’s apple, is accused of being involved in securing loans to buy properties in Florida and Chicago in 2012, loans that were released in part due to false financial statements. “In each of those transactions with Deutsche Bank, Mrs. Trump was aware that the transactions included a personal guarantee from Mr. Trump, which required him to provide the Annual Report of Financial Status and certificates.” said the petition.

You mentioned Trump’s “grown-up kids”, but left out Tiffany, 28, does she get sued?

She does not. Tiffany has never worked for the Trump Organization, and while she may feel get out of her family as she grew up, that is clearly paying off for her now.

Where was Trump when he learned about the lawsuit?

That’s not clear at the moment; was most likely trying to intercept the mail before his housekeeper could open the penis enlargement pills he had ordered from China a week before, even though he HAS LEARNED that he has something PRIVATE coming up and they can’t see his stuff.

How does this relate to the Manhattan district attorney’s criminal case against the Trump Organization?

The cases are separate but there is some overlap. Both offices have opened parallel investigations into suspected fraud by the Trump Organization, and in 2021 the attorney general’s office joined DA’s criminal investigation. In July 2021, the Trump Organization and its longtime Chief Financial Officer, Allen Weisselberg, to be criminally charged by the DA for participating in a multi-year scheme to enrich corporate executives with tax-free privileges without paying taxes. Last month, Weisselberg insist guilty, and as part of that settlement, will have to testify against the Trump Organization, which pleaded not guilty, at a trial scheduled for October.

During Wednesday’s filing, James speak Her lawsuit is based in part on Trump’s alleged directives to Weisselberg to inflate his fortune on financial statements. Weisselberg, along with a Trump Organization Controller Jeffrey McConney, The defendant has also been named.

If James’ lawsuit is civil, does that mean Trump doesn’t have to worry about jail time?

Incorrect! While it is true that James’s office does not have the authority to criminally prosecute Trump, she does introduce her findings to federal prosecutors and the Internal Revenue Service and noted that, in addition to allegedly violating several state criminal laws, they also “lawfully” violated federal criminal law. physical”.

In related news, Manhattan District Attorney Alvin Bragg speak Wednesday, “the criminal investigation into former President Donald J. Trump, the Trump Organization, and its leadership is active and ongoing.”

Is there any overlap with the investigation of classified documents?

You know, you wouldn’t think it would, but it does. In a suit, James’s office speak it believes the tax records seized as part of the FBI raid on Mar-a-Lago may have been intentionally concealed. Resultant!

Twitter content

This content can also be viewed on the website derived are from.

Source link


News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button