New York Attorney General Letitia James has investigated former President Donald Trump for a while. She knew about his dubious financial dealings, so she devised an idea. Without a trial, James asked a judge to find that the twice-impeached former President had fraudulently overvalued his assets. James feels that her evidence is so compelling that she thinks she'll get a guilty verdict without even a trial.
James sued Trump before he was indicted four times, saying that for years the former President, his business, and members of his family had fraudulently overvalued their assets by billions of dollars. I'm sure you've heard about Trump's dubious practices in overvaluing his properties.
The New York Times reports:
Before any of those criminal trials will take place, Mr. Trump is scheduled for a civil trial in New York in October. During the trial, the attorney general, Letitia James, will seek to bar him and three of his children from leading their family business, the Trump Organization, and to require him to pay a fine of around $250 million.
On Wednesday, Ms. James fired an opening salvo, arguing that a trial is not necessary to find that Mr. Trump and the other defendants inflated the value of their assets in annual financial statements, fraudulently obtaining favorable loans and insurance arrangements.
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