The lawsuit could materially undermine the Trump Organization’s ability to do business in New York, with family-owned real estate, golf resort and hospitality businesses deliberately defrauding lenders, insurance brokers and tax authorities to their advantage. accusing us of earning unfair interest rates and cutting taxes.
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James is not disbanding the Trump Organization, which is headquartered in Trump Tower on Fifth Avenue. Instead, she’s trying to get her five years banned from acquiring new real estate in New York or getting a new loan. Financial penalties, including recovery of $250 million in allegedly ill-gotten gains.
Trump and his representatives, who have announced their 2024 presidential run, have repeatedly denied the allegations, embracing a political upheaval that began when Democrat James first ran for president in 2017 and made a promise. It has been accused of engaging in motivated crusade. If elected, Trump will be legally pursued.
Engoron scolded Trump’s legal team for his decision, saying that “sophisticated defense counsel should have known better than to make baseless arguments that were rejected in previous motions.” However, he wrote that the sanctions were “unnecessary” after arguing in a written ruling.
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The judge wrote out Trump’s team’s repeated “frivolous” allegations, such as that the case was part of a “witch hunt,” and criticized them for controversies that arose during the investigation phase of the case, even before the lawsuit was filed. called the claim “borderline flirtatious.” .
“We look forward to receiving a full and proper review of our allegations on the appeal,” Trump’s attorney Alina Habba said in a statement about the decision.
If James’ case goes to trial this fall as scheduled, it will come amidst the heat of the 2024 presidential primary election campaign.
Separately, Trump is under criminal investigation by Manhattan District Attorney Alvin Bragg, who is reviewing his asset valuation practices, and likely has indictments related to that area or other areas of potential crime. is pursuing
An investigation by his predecessor, Cyrus R. Vance Jr., revealed in 2019 that Trump’s former best friend, Michael Cohen, had accused adult film actress Stormy Daniels of alleged sexual contact with Trump in 2016. Trump denied any involvement in hush money efforts and denied meeting Daniels.
Weisselberg, a tenured employee of the Trump family, pleaded guilty to tax fraud-related charges last year, and his testimony against the company late last year led Bragg’s office to convict the company in a December trial. I was able to get Both Weisselberg and the Trump Organization are due to be sentenced this week.