Posts Tagged ‘Trump Indictment’

Trump Fraud Lawsuit: Red Meat?

September 23, 2022

Trump Fraud Lawsuit: Red Meat?

After a three-year civil investigation into the Trump Organization’s business practices, New York State Attorney General Letitia James has sued Donald Trump, his adult children Donald Jr., Eric, and Ivanka, and Trump Organization employees for falsely inflating the value of assets for many years to receive tax breaks and favorable loan and insurance rates. The suit aims to recover $250 million. Said AG James: “Claiming you have money that you do not have does not amount to the art of the deal. It’s the art of the steal.”

Attorney General James seeks to bar Trump and his organization from buying commercial real estate or receiving bank loans for five years, and to permanently bar Trump, Donald Jr., Ivanka, and Eric Trump from serving as executives in any New York companies. Naturally, Trump’s attorney called the filing politically motivated.

This is a civil suit, but the charges, if true, would point to federal and local criminal charges, and AG James has referred these matters to the US Attorney’s Office for the Southern District of New York and the Manhattan District Attorney.


“Donald Trump, 3 of his children accused of business fraud by New York AG,” Shayna Jacobs and Jonathan O’Connell, Washington Post

“New York attorney general lawsuit accuses Trump of ‘staggering’ fraud,” Hugo Lowell, Maya Yang and Martin Pengelly The Guardian

“‘Art of the steal’: Trump accused of vast fraud in NY suit
By Michael R. Sisak and Larry Neumeister, Associated Press

“New York attorney general sues Trump, accuses him of “astounding” fraud and deception,” Andrew Prokop, Vox


“It’s Just Fraud All the Way Down,” David A. Graham. The Atlantic

“As Trump’s Legal Woes Mount, So Do Financial Pressures on Him,” Maggie Haberman, Ben Protess, Matthew Goldstein and Eric Lipton, New York Times

“Are Mar-a-Lago and other Trump-owned properties over-valued?” Sam Cabral, BBC News

“How Screwed Are Donald Trump and His Adult Children, and Other Questions You Might Have About the ‘Staggering’ Fraud Lawsuit Against Them,” Bess Levin, Vanity Fair


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