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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by REUTERS.COM:
NEW YORK, Jan 6 (Reuters) – A New York judge on Friday said former U.S. President Donald Trump must face a lawsuit by the state’s attorney general accusing him of fraudulently overvaluing his namesake real estate company’s assets and his own net worth.
Attorney General Letitia James had sued Trump, his adult children Donald Jr., Eric and Ivanka and the Trump Organization last September over an alleged scheme to inflate Trump’s assets by billions of dollars through a decade of lies to banks and insurers, in what she called a “staggering” fraud.
Justice Arthur Engoron of the state Supreme Court in Manhattan rejected defense claims that James waited too long to sue, fell short of establishing fraud, and should have better justified the $250 million of damages she is seeking.
“Once again, Donald Trump’s attempts to evade the law have been rejected… we sued Mr. Trump because we found that he engaged in years of extensive financial fraud to enrich himself and cheat the system,” James claimed in a statement.
James cheered on Twitter, “#BREAKING: A judge rejected Donald Trump’s attempt to dismiss our lawsuit against him and the Trump Organization for financial fraud. Today’s decision makes clear yet again that Donald Trump is not above the law.”
#BREAKING: A judge rejected Donald Trump’s attempt to dismiss our lawsuit against him and the Trump Organization for financial fraud.
Today’s decision makes clear yet again that Donald Trump is not above the law.
— NY AG James (@NewYorkStateAG) January 6, 2023
Statement from AG Letitia James:
“Once again, Donald Trump’s attempts to evade the law have been rejected… we sued Mr. Trump because we found that he engaged in years of extensive financial fraud to enrich himself and cheat the system.”
— Jose Pagliery (@Jose_Pagliery) January 6, 2023
Pinned to the top of her Twitter account is James’ announcement from last September that she had filed a lawsuit against Trump, accusing him of “engaging in years of financial fraud to enrich himself, his family, and the Trump Organization.”
Today, I filed a lawsuit against Donald Trump for engaging in years of financial fraud to enrich himself, his family, and the Trump Organization.
There aren’t two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans.
— NY AG James (@NewYorkStateAG) September 21, 2022
With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes.
In short, he lied to gain massive financial benefits for himself.
— NY AG James (@NewYorkStateAG) September 21, 2022
Trump’s crimes are not victimless.
When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers.
— NY AG James (@NewYorkStateAG) September 21, 2022
New York state judge rejects Trump’s bid to dismiss New York attorney general’s fraud lawsuit https://t.co/pGq4J7fdEk
— Mike Scarcella (@MikeScarcella) January 6, 2023
Donald Trump must face New York’s civil fraud suit accusing him and his company of deceiving banks and insurers about the value of his assets, a judge ruled, keeping the case on track for a high-stakes October trial https://t.co/lNDhFfd03W
— Bloomberg (@business) January 6, 2023
To get more information about this article, please visit REUTERS.COM.
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