Trump and his sons are in a lot of trouble, more than we expected

Trump and his sons are in a lot of trouble, more than we expected

This is not a good time to be a Trump.

New York Attorney General Letitia James has just filed a civil fraud suit against Donald Trump, Donald Trump Jr., Ivanka Trump, Eric Trump, Trump organization CFO Allen Weisselberg, Trump organization executive Jeffrey McConney, l Trump organization as a whole and other companies associated with the former president

In a press conference announcing the 220-page lawsuit, James accused Donald Trump and his family of a decade of fraud in no uncertain terms: “With the help of Donald Jr, Eric, Ivanka and other defendants, Trump has variously inflated and illegally deflated his net worth of billions to obtain and satisfy loans, obtain insurance benefits and pay lower taxes. In short, he lied to obtain huge financial benefits for himself. “

James proceeded to examine in detail specific examples of Trump Organization fraud. He said his office found fraud involving 23 assets that were inflated each year between 2011 and 2021, totaling more than “200 false and misleading valuations.” These misleading asset valuations would have been used to trick lenders into obtaining loans and to trick tax authorities into avoiding taxes. This shows how extensive Trump’s fraudulent schemes were.

James made sure to point out that these decisions were not being made by some low-level employees of the Trump Organization. He claimed that all of these financial statements have been certified as accurate by Donald Trump, Donald Trump Jr., Weisselberg or other Trump executives.

As a sanction for this alleged fraud, James calls for the cancellation of Trump’s trade certificates in New York, a permanent ban on Trump and his sons mentioned in the suit from serving as company directors in New York, a five-year ban on Trump from purchase of commercial real estate in New York and $ 250 million in restitution.

Aside from the civil lawsuit, James said he found evidence of illegal conduct. His office has sent criminal referrals to the IRS and federal prosecutors in the Southern District of New York. It is also important to note that just last month Allen Weisselberg pleaded guilty to misdemeanor charges on 15 counts including conspiracy, aggravated theft, tax fraud, and forgery of corporate documents. It is questionable what will be his level of cooperation with these new criminal referrals if these charges are prosecuted.

Trumpworld is responding as expected. Donald Trump posted on the right-wing social network Truth Social, claiming it’s all a “witch hunt”. Trump’s attorney Alina Habbamp responded to the lawsuit arguing that it’s really about advancing Letitia James’s political career. Donad Trump Jr. responded on Twitter, saying that “the witch hunt of bulls ** t Dem continues!” Eric Trump echoed his older brother and father, also referring to the investigation as a “witch hunt”.

Donald Trump and his family were given a chance to dismiss these allegations and tell their side of the story. Most didn’t take it. Donald Trump has decided not to answer any questions from the New York AG, opting instead to invoke the Fifth Amendment in an effort to avoid self-incrimination. Eric Trump pleaded the Fifth out of over 500 questions. Weisselberg invoked the Fifth. In fact, only Donald Jr. and Ivanka answered the questions posed to them. It is worth noting that, in 2016, Donald Trump infamously said: “You see, the mafia takes the Fifth. If you are innocent, why do you accept the Fifth Amendment?

Trump and his family can shout “witch hunt” all they want, but anyone who watches a video of today’s Letitia James press conference or reads this massive lawsuit with an objective eye will see that the evidence is overwhelming.

The Trump family’s decades of fraudulent commercial activity have long been known, from the Trump Foundation to Trump University. But even people who have been denouncing Trump’s business practices for years are surprised by this new evidence. As evidence of the investigation by the New York AG Office, New York Times Journalist David Fahrenthold, who specializes in coverage of Trump’s corruption, said he was also surprised by what is being said in this lawsuit. The evidence amounts to deliberate, decades-long fraudulent practices that have been used to fatten the pockets of Trump, his family and executives.

Donald Trump has built his entire brand on the lie of being a brilliant self-made businessman. We already knew that Trump was not “self-made” afterwards The New York Times reported having received, at least, the equivalent of $ 413 million from his father’s real estate empire using shady methods, sometimes constituting fraud.

Now, we have the highest law enforcement official in Trump’s home state legally claiming that the former president is not worth what he claims and that he committed fraud in his attempt to inflate that value. “Claiming you have money you don’t have isn’t the same as ‘The Art of the Deal’ – it’s the art of theft,” James said. A step towards accountability was taken today, but this was also a major blow to Trump’s ego.

In the coming months, we can only expect Trump’s legal woes to worsen with the January 6 widening of the investigation, the advancement of the Mar-a-Lago classified documents investigation, and the advancement of the Georgia election investigation.

When you build a house of cards on the basis of a fraud, it is bound to fall. We could very well witness the beginning of the end of Trump’s lifelong deception.

Leave a Reply

Your email address will not be published.