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New York Asks to Uphold $454M Civil Fraud Fine Against Trump

  • August 22, 2024
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[Síguenos ahora también en WhatsApp. Da clic aquí] Office of New York Attorney General Letitia Jamescalled on Wednesday evening Court of Appeal of the specified state, in which uphold

[Síguenos ahora también en WhatsApp. Da clic aquí]

Office of New York Attorney General Letitia Jamescalled on Wednesday evening Court of Appeal of the specified state, in which uphold $454 million civil fraud fine against former President Donald Trump because there is “irrefutable evidence” of his guilt.

So James defended the February decision against the former president for whom he was elected. accused of inflating the value of its assets – estimated to cost up to $2,200 million – receive favorable loans and other financial benefits.

“Mr. Trump is clearly involved in fraud.”James said in a court document filed Wednesday that “he, his adult children, and his company (the Trump Organization) engaged in a wide range of deceptive strategies” that ultimately “harmed the market.”

Letitia James, Attorney General of New York.

James’s statement came on the same day as The New York Court of Appeals has set September 26 as the date for hearing Trump’s oral arguments in the trial.It is unlikely that a final decision will be made before the presidential election on November 5.

Judge Arthur Engoron, Manhattan Supreme Court, Limited in February Trump’s Ability to Do Business in New York State Over the Next Three Yearsin addition to the astronomical fine as the leader of the Trump Organization.

Republican presidential candidate He appealed the decision and accused the judge of having political motives against him.claiming he was being punished for “building the perfect company, lots of money and big buildings.”

In addition, Trump also stated that his alleged victims -mainly banks that provided lower interest rates due to the supposed capital support- They made profits from their deals.

But James’ office responded yesterday that the law on which the original lawsuit is based does not require proof that financial institutions that did business with the former president lost money.

“The state has the right to demand compensation for Trump’s illegally obtained income in the interest he saved”completed by the New York Attorney General’s Office.

If Trump loses this resource, he could see his cash reserves dwindle. – and even see his bank accounts frozen and some of his property confiscated – which would damage the image of a great economic manager that he maintains in the face of the “communist policies” he attributes to his Democratic opponent Kamala Harris.

EFE

Source: Aristegui Noticias

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