The New York Attorney General who vowed to go after Trump in her campaign to get elected is now seeking $370 million from Trump in the ‘inflating assets’ case.
According to the Messenger…
Donald Trump, two of his sons, and his business associates should pay nearly $370 million in “ill-gotten gains” they earned by submitting fraudulent financial statements to banks and insurers, New York Attorney General Letitia James argued on Friday.
The attorney general also asked for an order permanently barring the former president and his ex-business associates Allen Weisselberg and Jeffrey McConney from ever serving as an officer or director of a New York corporation. She claims, and a judge found in September, that Trump fraudulently inflated his assets, often by billions of dollars a year, for roughly a decade.
Before the trial began, Manhattan Supreme Court Justice Arthur Engoron ordered the dissolution of Trump’s New York business empire, a decree informally known as the corporate death penalty.
James wants a host of additional penalties to pile onto that pre-trial ruling, and her legal brief represents the first time her office has laid all of their requested penalties.
“Lifetime injunctions barring Trump, Weisselberg and McConney from
participating in the real estate industry in New York State or from serving as an officer or director of any New York corporation or other legal entity are necessary and appropriate,” the attorney general’s assistant Kevin Wallace wrote. “Trump, Weisselberg and McConney worked together for years to inflate Trump’s net worth while concealing the fraud from counterparties.”
The attorney general requested several other proposed injunctions, including ones barring the “creation of further false financial entries and financial records,” mandating the creation of “an appropriate set of internal controls,” and banning them from “applying for loans from any financial institution.”
That’s a ton of money and knowing this judge she’ll probably get it. Hopefully Trump will be able to fight this on appeals if she does.