New York prosecutor sues Trump for trade fraud

New York, USA.- The New York Attorney General’s Office sued former President Donald Trump and his company on Wednesday, accusing them of business fraud involving some of his most prized assets, including properties in Manhattan, Chicago and Washington.

Attorney General Letitia James’ lawsuit, filed in New York state court, is the culmination of the Democrat’s three-year civil investigation into Trump and the Trump Organization.

Trump’s three eldest children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.

The lawsuit seeks to strike at the core of what made Trump famous, exposing the image of wealth and opulence he has espoused throughout his career, first as a real estate developer, then as a reality TV host on “The Apprentice” and “Celebrity Apprentice”, and later as President.

James’ office has spent more than three years investigating fraudulent or misleading valuations of Trump’s properties in annual financial statements provided to potential business partners, banks or tax officials.

The goal of this, the Attorney General’s office has said, was to burnish Trump’s billionaire image and property values ​​when doing so gave him an advantage, while downplaying asset values ​​at other times to gain profits.

“Today’s presentation does not focus on the facts or the law; rather, it focuses solely on furthering the Attorney General’s political agenda. It is abundantly clear that the Office of the Attorney General has exceeded its statutory authority by meddling in transactions in which there has been absolutely no crime,” said Alina Habba, Trump’s attorney.

“We are confident that our court system will not tolerate this unbridled abuse of authority, and we look forward to defending our client against any and all unsubstantiated claims by the Attorney General.”

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