State of New York vs Trump, et al - the civil fraud case against the Trump Organization

[tek]

(CNN) - The New York state attorney general filed a sweeping lawsuit Wednesday against former President Donald Trump, three of his adult children and the Trump Organization, alleging they were involved in an expansive fraud lasting over a decade that the former President used to enrich himself.

https://www.cnn.com/2022/09/21/politics ... index.html

[Greatgrey]

(CNN) - The New York state attorney general filed a sweeping lawsuit Wednesday against former President Donald Trump, three of his adult children and the Trump Organization, alleging they were involved in an expansive fraud lasting over a decade that the former President used to enrich himself.

https://www.cnn.com/2022/09/21/politics ... index.html

222 pages!

https://iapps.courts.state.ny.us/nyscef ... 5c5936aaa7

VI. PRAYER FOR RELIEF
WHEREFORE, Plaintiff respectfully requests that the Court enter an order and
judgment granting the following relief to remedy the substantial, persistent, and repeated fraudulent and misleading conduct in the business of the Trump Organization occurring since 2011:

A. Cancelling any certificate filed under and by virtue of the provisions of section one hundred thirty of the General Business Law for the corporate entities named as defendants and any other entity controlled by or beneficially owned by Donald J. Trump which participated in or benefitted from the foregoing fraudulent scheme;

B. Appointing an independent monitor to oversee compliance, financial reporting, valuations, and disclosures to lenders, insurers, and tax authorities, at the Trump Organization, for a period of no less than five years;

C. Replacing the current trustees of the Donald J. Trump Revocable Trust (“Revocable Trust”) with new independent trustees, and requiring similar independent governance in any newly-formed trust should the Revocable Trust be revoked and replaced with another trust structure;

D. Requiring the Trump Organization to prepare on an annual basis for the next five years a GAAP-compliant, audited statement of financial condition showing Mr. Trump’s net worth, to be distributed to all recipients of his prior Statements of Financial Condition;

E. Barring Mr. Trump and the Trump Organization from entering into any New York State commercial real estate acquisitions for a period of five years;

F. Barring Mr. Trump and the Trump Organization from applying for loans from any financial institution chartered by or registered with the New York Department of Financial Services for a period of five years;

G. Permanently barring Mr. Trump, Donald Trump, Jr., Ivanka Trump, and Eric Trump from serving as an officer or director in any New York corporation or similar business entity registered and/or licensed in New York State;

I. Permanently barring Allen Weisselberg and Jeffrey McConney from serving in the financial control function of any New York corporation or similar business entity registered and/or licensed in New York State;

J. Awarding disgorgement of all financial benefits obtained by each Defendant from the fraudulent scheme, including all financial benefits from lenders and insurers through repeated and persistent fraudulent practices of an amount to be determined at trial but estimated to be $250,000,000, plus prejudgment interest; and

K.Granting any additional relief the Court deems appropriate.

[Volkonski]

Good.

[Greatgrey]

Plus criminal referrals to the IRS & SDNY.

[Foggy]

That's the important thing!

[jemcanada2]

Is it wrong that I wish I were ketchup on the wall at Mar-a-Lago right now?

[Foggy]

Plus criminal referrals to the IRS & SDNY.

Those - assuming they turn into actual court cases - will be in separate threads, too also.

[MsDaisy]

I am very much looking forward to Trump's response

[jemcanada2]

Apparently Junior is already responding on Twitter.

[Greatgrey]

Went by kinda fast, but in response to a question “how did he get away with this with the banks & insurance companies for so long”, James answers with a statement from Mazars (the accountants) that they never audited anything.

They just accepted what ShitGibbon gave them.

[Foggy]

If Frater I*I isn't around, I can state that Trump just got kicked in the dick AGAIN and we both enjoy it thoroughly.

And the fact that a black woman led the effort is just going to make the racists crazy.

Wow, if butthurt was a renewable energy source ...

[Foggy]

I am not a big fan of widely proclaiming a "major news announcement" based on filing this case. I don't think it damages the case, but dig it:

It makes her and the Attorney General's office look like attention whores. Was it necessary? Absolutely not.

Suppose that instead, Tish James had quietly filed the case with no announcement, and then waited a few days, and then quietly had someone call someone who called someone about it - in other words a leak - following which there would be every bit as much of a firestorm as there will be today, and James could say "We didn't want to publicize it, oh dear heavens, no, we didn't want anyone to think it was political or anything!" This is my innocent face, honest!

[Reality Check]

This is a big deal.It's the f-ing former president and someone who promoted himself as a business genius for years. Of course it warranted a major announcement.

[noblepa]

I can hear Fox and Friends now, "This is bad for Joe Biden because . . ."

[Greatgrey]

The Trumps knew this was coming, they tried to settle last week. I wanna know how much they offered.

B0B28108-2FCB-44BC-AB45-D1C424FFE9D9.jpeg (275.61 KiB) Viewed 215386 times

Plus also too, Jared isn’t named.

[Foggy]

This is a big deal.It's the f-ing former president and someone who promoted himself as a business genius for years. Of course it warranted a major announcement.

Of course, they're going to criticize her no matter what she does.

It can't be overstated how much of a racist Trump is and how much this one is going to sting, simply because Tish James is a black woman.

He is moving up from ketchup to throwing entire hamberders against the wall.

[Volkonski]

[pipistrelle]

[Volkonski]

Trump's attorneys now desperately struggling to get him to keep quiet.

[Foggy]

This is great news for his election in 2024, the base will be REALLY energized!

Can Twitter give back his account just for a day so I can read the epic crybaby tweets?

[RTH10260]

[Slim Cognito]

Is it wrong that I wish I were ketchup on the wall at Mar-a-Lago right now?

Jem wins the internet.

[Foggy]

Yeah, it's FUNNY that Tish James hasn't shown the slightest inclination of suing Hunter Biden’s laptop for $250 million, sniff, sniff, what about some whataboutism, huh?

[raison de arizona]

Today, I filed a lawsuit against Donald Trump for engaging in years of financial fraud to enrich himself, his family, and the Trump Organization.

There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans.

Actions have consequences. We're seeking to:

Make Trump pay $250 million.

Ban the Trumps from running NY businesses for good.

Ban Trump and Trump Org from buying commercial real estate in NY for 5 yrs.

We're making a criminal referral to the U.S. Dept of Justice.

With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes.

In short, he lied to gain massive financial benefits for himself.

We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements.

These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage.

Trump's crimes are not victimless.

When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers.

https://twitter.com/NewYorkStateAG/stat ... 9351772165

► Show Spoiler

[Gregg]

Trump's attorneys now desperately struggling to get him to keep quiet.

Live feed from Mar A Lago "45 Office"...