Current Events > Trump and children hit by fraud lawsuit

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CrimsonWaffle
09/21/22 12:00:46 PM
#1:


https://www.cnn.com/2022/09/21/politics/trump-new-york-attorney-general-letitia-james-fraud-lawsuit/index.html

The New York state attorney general filed a sweeping lawsuit Wednesday against former President Donald Trump, three of his adult children and the Trump Organization, alleging they were involved in an expansive fraud lasting over a decade that the former President used to enrich himself.

In the more than 200-page lawsuit, Attorney General Letitia James, a Democrat, alleges the fraud touched all aspects of the Trump business, including its properties and golf courses. According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals.
"These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual Statement, and were approved at the highest levels of the Trump Organization -- including by Mr. Trump himself," the lawsuit states.

Trump and his children, Donald Trump Jr., Eric Trump and Ivanka Trump, are named as defendants in the lawsuit. Allen Weisselberg, former CFO for the Trump Organization, and Jeff McConney, another longtime company executive, are also named.
James said she believes state and criminal laws may have been violated and referred the matter to the US attorney's office for the Southern District of New York and the Internal Revenue Service.
James is seeking $250 million in allegedly ill-gotten funds and to permanently bar Trump and the children named in the lawsuit from serving as the director of a business registered in New York state. She is also seeking to cancel the Trump Organization's corporate certificate, which, if granted by a judge, could effectively force the company to cease operations in New York state.

Trump previously called James a "renegade prosecutor" who he said is running a "vindictive and self-serving fishing expedition." The Trump Organization called her previously allegations "baseless" and denied any wrongdoing.
The civil lawsuit comes as Trump is under increasing legal pressure as prosecutors are taking investigative steps that move ever closer to his inner circle.

Trump is facing numerous criminal investigations from federal and state prosecutors involving the accuracy of his company's financial statements, interference in the 2020 presidential election, and his handling of classified documents after leaving office. Trump has denied any wrongdoing

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CE_gonna_CE
09/21/22 12:01:48 PM
#2:


https://gamefaqs.gamespot.com/a/user_image/9/7/2/AAb05zAADr1U.jpg

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Zikten
09/21/22 12:04:03 PM
#3:


The walls are closing in on the Trumps
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Strider102
09/21/22 12:08:46 PM
#4:


I, for one, am shocked.

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TomClark
09/21/22 12:16:52 PM
#5:


https://gamefaqs.gamespot.com/a/user_image/5/1/7/AAABqgAADjql.jpg

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Rharyx211
09/21/22 12:17:58 PM
#6:


Can't wait to see ol Donny Trump wriggle his way outta this one.

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Letron_James
09/21/22 12:19:37 PM
#7:


Rharyx211 posted...
Can't wait to see ol Donny Trump wriggle his way outta this one.

If he somehow comes out unscathed from the various lawsuits/criminal investigations going on right now I'll literally just go to sleep and wake up like normal the next day because I'm assuming that's exactly what's going to happen

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ZevLoveDOOM
09/21/22 12:20:12 PM
#8:


so just another day that ends with Y in Trumpland...
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rexcrk
09/21/22 12:20:38 PM
#9:




And nothing will happen. Unfortunately.


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CableZL
09/21/22 12:22:55 PM
#10:


This must be why Trump directly stated that they shouldn't investigate his finances

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Solar_Crimson
09/21/22 12:26:02 PM
#11:


rexcrk posted...
And nothing will happen. Unfortunately.


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ZMythos
09/21/22 12:30:01 PM
#12:


This has been building up for years now. Hundreds of articles about NY state investigating Trump, thousands of documents, dozens of testimonials that we hear on the news and dismissed as "nothingburgers" by the right.

Let me put it in terms they would understand: Many small burger make big burger.

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CableZL
09/21/22 12:43:36 PM
#13:


NY's sought relief:
- Permanently bar Donald Trump, Ivanka Trump, Eric Trump, and Donald Trump, Jr. from serving as an officer or director of any corporation of similar business entity registered or licensed in NY state.
- Bar Donald Trump and the Trump organization from entering into any NY state commercial real estate acquisitions for 5 years.
- Bar Donald Trump and the Trump organization from applying for any loans from any financial institution registered with the NY Department of Financial Services for 5 years.
- Require Trump and the Trump organization to disgorge of the financial benefits obtained through the persistent fraudulent practices. An estimated baseline at the minimum of $250,000,000.
- Appoint an independent monitor at the Trump organization to oversee compliance, financial reporting, valuations, and disclosures to lenders, insurers, and tax authorities for no less than 5 years.
- Require the Trump organization to prepare on an annual bases for the next 5 years a GAAP (Generally Accepted Accounting Practices) compliant audited statement of financial condition showing Donald Trump's net worth to be distributed to all the recipients of his prior statements of financial condition.
- Replace the current trustees of the Donald J. Trump revocable trust with new independent trustees or require similar independent governance if a new trust is created.
- Permanently bar Allen Weisselberg and Jeffrey McConney from serving in the financial control of any New York corporation.
- To cancel any certificate filed under and by virtue of the provisions of section 130 of General Business Law for the coprorate entities named as defendants and any other entity controlled by or beneficially owned by Donald Trump, which participated in and/or benefited from the ongoing financial scheme. In other words, permanently prohibit any of these companies from doing business in the state of New York.

This is huge

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Ryven
09/21/22 12:44:48 PM
#14:


Rharyx211 posted...
Can't wait to see ol Donny Trump wriggle his way outta this one.


Ive lost count of the times ive said that and yet he's still parading around like the cock of the walk.

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gunplagirl
09/21/22 12:47:01 PM
#15:


https://gamefaqs.gamespot.com/a/user_image/4/6/3/AAc53qAADrOH.jpg
I'm loving seeing them get what they have coming

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CalosiaTana
09/21/22 1:08:49 PM
#16:


If only it mattered

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cjsdowg
09/21/22 1:09:55 PM
#17:


Don't get you hopes up. He is true evil and he is rich. These guys always win. Rockefeller, Edison <not too evil just jerky>, Carnegie, all win in the end. We all lose.

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Kurt_Russel
09/21/22 1:11:24 PM
#18:


https://gamefaqs.gamespot.com/a/user_image/2/1/7/AAfPwcAADTPB.jpg

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FunkyCat
09/21/22 1:12:08 PM
#19:


This time (#737488) we'll get him!

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ZEROWOLF
09/21/22 1:13:18 PM
#20:


rexcrk posted...
And nothing will happen. Unfortunately.

This. When will people finally recognize that there are two justice systems in America and the Trumps are in the one that allows them to get away with anything.

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littlebro07
09/21/22 1:17:03 PM
#21:


https://twitter.com/realGollumTrump/status/1572632795314372609

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FigureOfSpeech
09/21/22 1:19:06 PM
#22:


https://gamefaqs.gamespot.com/a/user_image/6/4/5/AAOL8-AADqiF.jpg
https://gamefaqs.gamespot.com/a/user_image/9/7/5/AAOL8-AADr1X.jpg

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Shotgunnova
09/21/22 1:19:49 PM
#23:


https://gamefaqs.gamespot.com/a/user_image/2/6/8/AABhrNAADso0.jpg

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TomClark
09/21/22 1:22:31 PM
#24:


https://twitter.com/maggieNYT/status/1572629658981597186?s=20&t=kAZXRttuhjG9S0LQLiG2uw

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TomClark
09/21/22 1:23:00 PM
#25:


littlebro07 posted...
https://twitter.com/realGollumTrump/status/1572632795314372609

Fucking glorious.

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RchHomieQuanChi
09/21/22 1:24:12 PM
#26:


Trump getting fucked from all angles.

I'm hoping at least some of this shit sticks.

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Geiki_Ganger
09/21/22 1:28:06 PM
#27:


His base will just think this is yet another witch hunt, nothing more.

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littlebro07
09/21/22 1:29:42 PM
#28:


Geiki_Ganger posted...
His base will just think this is yet another witch hunt, nothing more.

All he has to do is put out a new fundraising email saying "They're not coming for me, they're coming for you! Send me $100 and I'll fight to protect you!"

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CableZL
09/21/22 2:08:14 PM
#29:


RchHomieQuanChi posted...
Trump getting fucked from all angles.

I'm hoping at least some of this shit sticks.
At first I didn't have a high level of confidence about this one, but the investigation was started based on testimony from people within Trump's circle, and they just got a guilty plea from the Trump Organization CFO recently.

The investigations I have the highest confidence in now:
  1. Georgia's election tampering criminal investigation. They literally have a recording of Trump pressuring Brad Raffensperger to manufacture votes on a phone call.
  2. The DoJ's fake electors criminal investigation. This one will likely take a while because it involves so many people in multiple states.
  3. The NY AG's fraud lawsuit. I wasn't aware they were going after as much, but they just need to go through the court system at this point and see what relief the judge is going to grant with what they're requesting.

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Boombam99
09/21/22 2:12:38 PM
#30:


rexcrk posted...
And nothing will happen. Unfortunately.

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Ajiri
09/21/22 3:40:25 PM
#31:


This could easily bankrupt the Trump family, after this they are done for.

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David1988
09/21/22 3:42:59 PM
#32:


So he listed his assets for far more than theyre actually worth? Doesnt that mean he would have to pay more in taxes or something?

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CADE_FOSTER
09/21/22 3:44:07 PM
#33:


David1988 posted...
So he listed his assets for far more than theyre actually worth? Doesnt that mean he would have to pay more in taxes or something?
Trump family dont pay taxes stop it
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FigureOfSpeech
09/21/22 3:45:55 PM
#34:


CADE_FOSTER posted...
Trump family dont pay taxes stop it

yeah they avoid paying taxes. They are guilty of tax avoision

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littlebro07
09/21/22 5:13:04 PM
#35:


David1988 posted...
So he listed his assets for far more than theyre actually worth? Doesnt that mean he would have to pay more in taxes or something?

He avoids taxes through other loopholes billionaires exploit

The inflated asset values mean he can get bigger loans for shit because he supposedly has a lot of collateral which is all bullshit

I think thats how it works anyway

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TaxationIsTheft
09/21/22 5:14:10 PM
#36:


https://youtu.be/l0zaebtU-CA
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itachi15243
09/21/22 5:16:11 PM
#37:


littlebro07 posted...
He avoids taxes through other loopholes billionaires exploit

The inflated asset values mean he can get bigger loans for shit because he supposedly has a lot of collateral which is all bullshit

I think thats how it works anyway

It is. That, plus he can give those overvalued things to charity and get tax breaks from that as well. It's basically a perpetual cycle.

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DarkChozoGhost
09/21/22 5:28:30 PM
#38:


Imagine if all of it was granted, that would be great.

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CADE_FOSTER
09/21/22 5:32:23 PM
#39:


Tax fraud is what got al capone eh
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TomClark
09/21/22 5:44:35 PM
#40:


https://twitter.com/realGollumTrump/status/1572674366969884674?s=20&t=5vMYAxi7GwkDJOkKESO73w

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CableZL
09/22/22 9:07:59 AM
#41:


Trump calling the NY AG "peekaboo" is just another example of Trump being openly racist.

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