The New York Attorney General announced that Donald Trump violated state and federal laws and referred the case to the Southern New York District Attorney General.
Trump and his company, the Trump Organization; He allegedly ‘repeatedly and persistently manipulated the value of assets’ to get proper loans, pay lower insurance premiums and pay lower taxes.
While the attorney general’s office claimed that fraud and misrepresentation had inflated the net worth of Trump’s personal wealth by billions of dollars, “Trump inflated the value of his mansion to $739 million based on the lie that it could be developed for residential use. The value of the mansion should have been close to $75 million.” used the phrases.
“Trump and his company purchased appraisals ‘by fraud and misrepresentation’ in order to obtain protection easements for two of their properties in 2014 and 2015,” said Attorney General Letitia James, requesting the appointment of an independent observer for the Trump Organization, which will last at least 5 years. claimed.
Letita James’ demands from the court are as follows:
- Known as the ‘corporate death penalty’, the ‘revocation of Trump’s business certificates’ decision,
- – A ‘permanent ban’ from Trump and his children on the board of any company,
- Trump’s 5-year ban on buying commercial real estate in New York.
Donald Trump denies the allegations, describing James’ investigation as a politically motivated witch hunt.
Donald Trump Jr. and Ivanka Trump announced that they would testify only after the court ordered a forced statement.