New York AG Just Dropped a Legal Bomb on Donald Trump and His Adult Kids - DMT NEWS

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New York AG Just Dropped a Legal Bomb on Donald Trump and His Adult Kids

New York State just accused the Trump Organization of massive fraud. 

In a sweeping, $250 million lawsuit against former President Donald Trump, his adult children and his family business unveiled Wednesday, New York Attorney General Letitia James accused the company of manipulating the valuations of its properties to score financial advantages.  

The lawsuit is the result of a three-year-long probe of Trump’s business practices, during which Trump was personally hauled in for a deposition and forced to invoke his Fifth Amendment right against self incrimination hundreds of times—a move he once said was only for guilty people and the mob

“Today we are filing a lawsuit against Donald Trump for violating the law as part of his efforts to generate profits for himself, his family and his company,” James said. She accused Trump of falsely inflating his net worth by “billions of dollars” in order to make more money. 

James has previously claimed in court documents that Trump’s company made false representations about the valuations of various assets, that her team “has developed significant additional evidence indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.”

James, a Democrat who’s running for reelection in November, rejected attempts by the Trump Org to settle the investigation in September, the New York Times reported last week. Trump has repeatedly denied wrongdoing, and blasted the probe as an unfounded witch hunt. 

He’s also repeatedly called James, who is Black, a “racist,” including once in a bizzare online message wishing her a “Happy Easter.” 

Because James’ lawsuit is a civil dispute, and not a criminal indictment, Trump’s invocation of the Fifth Amendment didn’t actually save him from harm. In a civil matter, invoking the Fifth can be used as reason to make what lawyers call an “adverse inference”—or, in plain terms, the conclusion that someone didn’t want to answer because the truth didn’t look good. 

Trump’s son, Eric Trump, likewise invoked the Fifth Amendment more than 500 times in prior testimony in the NY Attorney General’s investigation

Trump’s company is scheduled to go on criminal trial in late October over a seperate set of accusations involving failure to pay taxes on benefits awarded to its employees. The company’s long-serving Chief Financial Officer, Allen Weisselberg, pleaded guilty to his role in orchestrating those payments in August, and agreed to testify against the Trump Org at trial. 

Weisselberg received a much-reduced sentence and may serve just 100 days. But the judge overseeing the case has warned him that if he lies about the company on the stand, he could face up to 15 years. 

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Greg Walters, Khareem Sudlow