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Update: NY AG Tish James's major announcement on Trump prosecution is $250 million plus sanctions [1]
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Date: 2022-09-20
We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements. These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage. 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.
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.
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.
Last month, in a separate case, longtime Trump Organization CFO Allen Weisselberg pleaded guilty to charges of running a yearslong scheme to avoid paying taxes on nearly $2 million in income, including fringe benefits like rent, luxury cars and private school tuition for his grandchildren.
He also agreed to testify against the Trump Organization when the company goes on trial in connection with the alleged compensation scheme beginning in October. The plea agreement contains no requirement for him to cooperate in the related criminal case against Trump himself.
abcnews.go.com/...
x BREAKING: NY AG Tish James making "major announcement" tomorrow morning.
Is Trump's week about to go from bad to catastrophically worse? — Tristan Snell (@TristanSnell) September 20, 2022
New York attorney general Letitia James has said her office is set to make a “major announcement” within hours.
The state’s top lawyer has rejected at least one settlement offer from former president Donald Trump, who her office has been investigating for the past three years.
But she has given no details of why she called the press conference for 10.30am ET, to which press have been invited.
During the course of her probe into the Trump Organization, Ms James has alleged that Mr Trump inflated or devalued the value of his properties in paperwork to secure hundreds of millions of dollars in tax breaks or bank loans.
www.independent.co.uk/...
x NY Attorney General, @TishJames has been investigating the finances of former president Donald Trump and tomorrow at 10:30am EDT she is making a “major announcement.”
This is going to be interesting.
https://t.co/SRBzr5Lc8J — David Yankovich (@DavidYankovich) September 21, 2022
Attorney General Letitia James has rejected at least one settlement offer from former President Donald Trump, The New York Times reported Thursday.
The unsuccessful negotiations, confirmed by Insider through one independent source, may clear the way for her long-expected fraud lawsuit against the Trump Organization, the former president's $3 billion real-estate and golf-resort company, which is headquartered in Manhattan.
Barring any last-minute settlement deal, James is considering suing not only Trump but also at least one of his adult children, The Times reported.
Eric Trump, who signed many of the documents and negotiated some of the deals the attorney general is eyeing, has been described in court papers and proceedings as a target of James' inquiry, as has his father.
Ivanka Trump and Donald Trump Jr. have, like Eric Trump, served as executive vice presidents of their father's company, but they have both been treated as witnesses in the inquiry.
www.businessinsider.com/...
x Big announcement from AG James tomorrow - here’s a VF article to refresh the memory and whet the appetite.
Letitia James’s Trump Investigation Is Nearing Its Endgame | Vanity Fair
https://t.co/1uiHwaqw3Z — Steve Martinez-Partida (@smartinez411) September 21, 2022
The preliminary settlement talks between Ms. James’s office and Mr. Trump’s lawyers began early this summer and have yet to gather much momentum, the people with knowledge of the matter said. Ms. James’s office turned down the offer from Mr. Trump’s lawyers, though they are expected to continue to try to negotiate in the coming days.
It is common for attorneys general to entertain settlement negotiations both before and after filing lawsuits.
A deal-breaker for Mr. Trump would be if Ms. James sought to shut down his business operations in New York. But in the same podcast appearance, Ms. James suggested that she might stop short of seeking what is sometimes called the “corporate death penalty,” in which a judge orders the dissolution of a company. “I don’t want to go that far,” Ms. James said. All she wanted to do, she added, was to ensure that Mr. Trump and his company understood that they could not use fraudulent valuations in the future. “He needs to be held accountable,” she said. “Him and his corporation.” www.nytimes.com/…
x President Trump’s legal team arrived to the courthouse just now to shouts of “indict Trump” ahead of the first hearing before Mar-a-Lago special master Raymond Dearie pic.twitter.com/9QL0JSvXyr — Olivia Rubin (@OliviaRubinABC) September 20, 2022
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