Fraud allegations against Trump: Ex-President is charged

Democrat Letitia James presented the results of her years of investigative work on Wednesday and made serious allegations of fraud against Donald Trump. The Republican rejects the allegations as politically motivated.

New York Attorney General Letitia James made serious allegations of fraud against Donald Trump on Wednesday.

Seth Little/AP

In a 222-page complaint New York’s Attorney General Letitia James – who serves as both Attorney General and Attorney General in the American state – made harsh allegations against former President Donald Trump on Wednesday.

James, a Democrat, has accused the property speculator and hotelier of commercial fraud. James claims that Trump, along with his three adult children Donald Jr., Eric and Ivanka, misvalued properties for years in order to obtain cheaper bank loans or pay lower insurance premiums.

The Minister of Justice, who wants to be confirmed for a second term in November, substantiated her allegations with a few examples. On official documents, for example, Trump estimated the value of his magnificent apartment in Trump Tower in New York City at $327 million – even though no apartment in Manhattan had ever sold for a similarly high price. In addition, the luxury apartment was much smaller than Trump claimed. Similar examples James spoke about at a press conference included Trump’s primary residence Mar-a-Lago in Palm Beach, Fla., and the former hotel the president-elect ran in Washington.

Trump speaks, once again, of a witch hunt

With these scams, which James estimated at $250 million, Trump ultimately harmed the entire population of New York, the Attorney General said. In court, she is now demanding financial compensation. An independent supervisor is to ensure that the family business The Trump Organization complies with New York law for at least five years. Otherwise, banks accredited in New York could be banned from doing business with Trump.

In a first reaction to his Internet service Truth Social, Trump described the lawsuit as a political witch hunt. This is how the Republican usually reacts to allegations against him by the investigative authorities. James is afraid of an election defeat and is therefore now mobilizing their “radical left” base, his eldest son Donald junior claimed on the short message service Twitter. A legal representative of the ex-president called the complaint baseless.


source site-111