For years, Donald Trump and his family lied to tax collectors, lenders and insurance companies, routinely misrepresenting the value of his property, according to a lawsuit filed Wednesday by the New York Attorney General. I have enriched myself by showing up.
State Chief Prosecutor Letitia James said the former president, with the help of the Trump Organization’s children and others, said the former president “has given him a lot of money to get loans, pay them back, get insurance, and pay less taxes.” provided fraudulent statements regarding its net worth and false asset valuations.”
The sweeping investigation is one of many criminal, civil and congressional investigations into Trump’s bid to re-run for the White House in 2024.
James’ office demanded that the former president pay a fine of at least $250 million.
“The foundation of his claimed net worth is rooted in incredible fraud and illegal activity,” James said in a statement.
– “Amazing” overestimation –
The lawsuit, filed in the New York State Supreme Court, states that Trump’s annual financial statements for at least 10 years “expanded” the property values of his entire estate, from the Mar-A-Lago resort in Florida to Trump Tower in Manhattan. It includes allegations that it was “significantly inflated.” “amazing” degree.
Her office counted that Trump and his associates issued more than 200 false and misleading property valuations.
Among the alleged crimes was the market value of 12 rental-stable units on his Trump Park Avenue estate, inflating their value by a factor of 65, James said.
“When well-connected people break the law and get more money than they are entitled to, it reduces the resources available to working people, ordinary people, small businesses and all taxpayers.”
– Survey Web –
A civil investigation into James began the following year after a former Trump attorney gave testimony indicating the company was involved in wrongdoing.
Last month, Allen Weisselberg, the longtime chief financial officer of the Trump Organization, pleaded guilty to tax evasion and agreed to testify in the criminal trial of the former US president’s real estate firm.
FBI agents separately raided President Trump’s Mar-a-Lago mansion in Florida on August 8 and seized official documents marked “Top Secret,” “Top Secret,” “Top Secret.” Did.
https://www.theaustralian.com.au/news/latest-news/trump-children-sued-for-fraud-in-new-york/news-story/4098994e8c3f54b75a134376a1f20c8d Trump, children sued for ‘unbelievable’ fraud in NYC