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Donald Trump attends trial against himself, his adult sons, the Trump Organization, and others in a civil fraud case brought by State Attorney General Letitia James in a Manhattan courthouse in New York City, USA, on October 3, 2023. President of the United States.
Shannon Stapleton Reuter
New York’s attorney general on Friday ordered a judge to ban former President Donald Trump from the state’s real estate industry for life, bar him from serving as an officer or director of any New York company, and fine him $370 million. asked them to impose.
AG Letitia James also seeks a five-year ban on Donald Trump’s sons, Donald Trump Jr. and Eric Trump, from working in the New York real estate industry, according to a new court filing. There is.
The filing comes weeks after testimony concluded in a civil fraud case in Manhattan Supreme Court.
Mr. James alleges that Donald Trump, his two sons, and the Trump Organization engaged in an extensive scheme to misrepresent the true value of various real estate assets in order to obtain financial benefits such as improved loan terms. He is accusing the government of setting up a
The attorney general alleges that Donald Trump falsely inflated his net worth by between $812 million and $2.2 billion due to these false valuations.
The fine James is seeking includes $168 million in interest payments that the former president allegedly avoided through fraud.
Donald Trump denies these claims and claims they are politically motivated.
In a filing Friday, Donald Trump’s lawyers argued that the evidence at trial does not support a finding that he intended to defraud lenders and others.
Judge Arthur Engoron is expected to rule on the case in the coming weeks.
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