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5 juiciest takeaways from the Tish James lawsuit against Donald Trump - POLITICO
Sep 22, 2022 2 mins, 17 secs
New York Attorney General Tish James walks into a press conference, Sept.

A three-and-a-half year investigation into Donald Trump’s business practices leapt into the headlines Wednesday as New York Attorney General Tish James announced a lawsuit accusing Trump of an “astounding” range of fraud in his real estate empire.

One break for Trump: It was only a civil suit and not criminal.

However, James is seeking draconian penalties: a five-year ban on Trump buying commercial real estate in New York or applying for loans, and a permanent ban on Trump and his three eldest children being in the leadership of any New York business for the rest of their lives.

Her civil suit might fly despite Manhattan District Attorney Alvin Bragg Jr.

Trump could also be hurt by his numerous invocations of the Fifth Amendment, which can be used against him in the civil suit.

Trump’s lawyers have already made a settlement proposal which James turned down, but her aides said her office isn’t seeking any immediate court action against Trump, like an injunction that would swiftly drive him out of business in New York.

However, James’ office appears to be taking the stand that whether the banks were or were not actually tricked isn’t relevant to the legal case — that the alleged intent to deceive on the part of Trump, his children and top aides in order to get a financial benefit is sufficient to constitute a violation of the law.

James is trying to get the suit heard by New York Supreme Court Justice Arthur Engoron, who issued orders requiring Trump and his family members to sit for depositions in the probe.

In a section alleging fraud against insurers and underwriters, the suit contends that Trump declined to disclose “any circumstances involving Russia and the 2016 presidential election” during a Jan

Trump’s one-time marquee property in DC that became a key spot for Trump aides & allies to see and be seen during his presidency, the Trump International Hotel in the Old Post Office building on Pennsylvania Avenue, accounts for a huge part — roughly $100 million — of the $250 million-dollar value of the newly-filed suit

The attorney general’s complaint says Trump used a wildly inflated personal financial statement essentially to trick Deutsche Bank into providing $170 million in funding for the luxury hotel project at a lower interest rate than it would have charged without the backing of Trump’s personal fortune for the effort

However, any difference in interest rates between what Trump paid and what the AG says he should have paid doesn’t come close to that figure

Yet James is taking the aggressive stance that Trump should have to fork over every penny he (and his family members) made on the whole hotel investment

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