New York AG seeks over $370M from Trump, co-defendants for 'ill-gotten gains'
Posted 118 days ago
From WWW.FOXNEWS.COM
New York Attorney General Letitia James is seeking over $370 million from former President Donald Trump and his co-defendants in his highly publicized civil fraud trial.
James demanded the financial penalty as repayment for profits she argues were illicitly gained, according to a document filed to the court on Friday.
The attorney general argues, "The conclusion that defendants intended to defraud when preparing and certifying Trump’s SFCs is inescapable."
Back in September, Judge Arthur Engoron ruled that Trump and the Trump Organization had committed fraud while building his real estate empire, by deceiving banks, insurers and others, by overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
"The myriad deceptive schemes they employed to inflate asset values and conceal facts were so outrageous that they belie innocent explanation," James wrote in the Friday document.
Trump and his family have denied any wrongdoing and have claimed that the former president has repeatedly said his assets were actually undervalued.... (Read more)
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