New York Attorney General Letitia James requested an additional $120 million in her civil fraud lawsuit against Donald Trump and his co-defendants.
James originally sought $250 million in the lawsuit, bringing the total fine amount to $370 million.
“The myriad deceptive schemes they employed to inflate asset values and conceal facts were so outrageous that they belie innocent explanation,” James wrote.
Happening Now: New York AG Letitia James has decided to increase the amount she wants from Donald Trump in his civil trial. Initially she requested $250 million, but now wants $370 million plus interest on that from over a decade.
I hope everyone can see this for what it… pic.twitter.com/xE9lDnTUJQ
— 🇺🇸Travis🇺🇸 (@Travis_in_Flint) January 5, 2024
She also called for a lifetime ban on Donald Trump and two of his former company executives from the real estate industry in the state.
NBC News reports:
Attorneys from James’ office requested the punishment in post-trial motions filed Friday in the Trump fraud case. They said that Trump owes $168 million of interest allegedly saved through fraud; $152 million from the sale of the Old Post Office building in Washington, D.C., the site of one of Trump’s hotels; $60 million through the transfer of the Ferry Point Golf Course contract; and $2.5 million from severance agreements for former Trump Organization chief financial officer Allen Howard Weisselberg and ex-Trump Organization controller Jeff McConney.
James also called for lifetime bans for Trump, Weisselberg and McConney from participation in the real estate industry as well as from serving as officers or directors in New York corporations or entities. The attorney general also asked for five-year bans for Trump’s eldest sons, Donald Trump Jr. and Eric Trump, with the same conditions.
The summary judgment in the case found the former president, his company and top executives liable for repeated and persistent fraud in preparing and certifying as true Trump’s statements of financial condition, which were falsely inflated by between $812 million and $2.2 billion.
Trump has repeatedly denied wrongdoing and called the lawsuit a partisan “witch hunt.”
He has vowed to appeal the judge’s ruling.
“Letitia James is doing this to me, No Victims, No Crime, Great Financial Statements, yet Murder and other Violent Crime is RAGING OUT OF CONTROL in New York, as People and Businesses flee, in Record Numbers, to other States!” Trump said Friday on Truth Social.
Letitia James is doing this to me, No Victims, No Crime, Great Financial Statements, yet Murder and other Violent Crime is RAGING OUT OF CONTROL in New York, as People and Businesses flee, in Record Numbers, to other States!
Donald Trump Social 03:22 PM EST 01/05/24
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) January 5, 2024
JUST IN – New York Attorney General AG Letitia James @TishJames seeks $370 million from President Trump in his civil trial.
She just increased the amount from $250 million to $370 million.
This is nothing more than a WITCH HUNT! https://t.co/6DMc3F77d6
— Laura Loomer (@LauraLoomer) January 5, 2024
From Just the News:
Presiding Judge Arthur Engoron already found Trump could be held liable for defrauding banks and insurers by inflating the value of his assets, the issue at the center of the case.
He also ordered Trump’s business certificates be canceled in New York.
Trump’s attorneys argued on Friday that Engoron should reject the most recent allegations by James, arguing that they are beyond the statute of limitations, according to CNN.
“There is no evidence in the record that the terms or pricing of any of the subject loans would have been different based on the purported misstatements alleged by Plaintiff,” Trump’s lawyers wrote, according to the outlet. “Not a single witness from any bank (or anywhere else) testified to this at trial.”Advertisement