Trump and Businesses Accused of “Staggering Fraud”

Via The New York Times (9/21/22)

There were some pretty strong words today from New York Attorney General Letitia James in announcement about a lawsuit against former President Donald Trump.

As The New York Times reports:

Donald J. Trump, his family business and three of his children lied to lenders and insurers for more than a decade, according to the New York attorney general, Letitia James, who accused him of fraudulently overvaluing his assets by billions of dollars in a sprawling scheme. She is seeking to bar the Trumps from ever running a business in the state again.

Ms. James concluded in a sweeping lawsuit filed on Wednesday that Mr. Trump and his family business violated several state criminal laws and “plausibly” broke federal criminal laws as well. Her office, which in this case lacks authority to file criminal charges, referred the findings to federal prosecutors in Manhattan; it was not immediately clear whether the U.S. attorney would investigate.

The 220-page lawsuit, filed in New York State Supreme Court, lays out in new and startling detail how, according to Ms. James, Mr. Trump’s annual financial statements were a compendium of lies. The statements, yearly records that include the company’s estimated value of his holdings and debts, wildly inflated the worth of nearly every one of his marquee properties — from Mar-a-Lago in Florida to Trump Tower and 40 Wall Street in Manhattan, according to the lawsuit.

The company also routinely spurned the assessments of outside experts: After a bank ordered an appraisal that found 40 Wall Street was worth $200 million, the Trumps promptly valued it at well over twice that number. Overall, the lawsuit said that 11 of Mr. Trump’s annual financial statements included more than 200 false and misleading asset valuations.

Rep. Lauren Boebert (R) and the former occupant of the White House.

Meanwhile, Trump’s poll numbers in a hypothetical 2024 Presidential matchup are slipping among Republicans…but the Big Orange Guy is still the clear leader in the hypothetical clubhouse. From The Hill newspaper:

The Morning Consult-Politico survey released Wednesday found that 52 percent of Republican primary voters would support Trump, who is followed by Florida Gov. Ron DeSantis with 19 percent. Former Vice President Mike Pence came in third with 8 percent, while all other candidates received support from 3 percent of primary voters or less.

Trump’s support among GOP voters is 5 points lower than the 57 percent support he received last month. That polling came shortly after the FBI conducted a search of Trump’s Mar-a-Lago property for classified and sensitive documents.

This is quite the conundrum for Republicans across the country and here in Colorado. Florida Gov. Ron DeSantis, whose political stunt sending migrants to Martha’s Vineyard continues to unravel, is trying to out-Trump Trump…to Trump’s dismay:


Maybe this will all turn out great for Republicans, but it’s really, really hard to see a happy ending at the end of this crap rainbow.

11 Community Comments, Facebook Comments

  1. JohnInDenver says:

    I listened to part of the announcement conference.  AG James was clear that her staff had made referrals to Manhattan DA AND the US Attorney for the Southern District of New York.

    I will be getting a transcript or finding the recording of the news conference, savoring the section on white-collar crime:

    'Everyday people cannot lie to a bank about how much money they have in order to get a favorable loan to buy a home or to send their kid to college. And if they did, the government would throw the book at them,' she said.

    'Why should this be any different? It is a tale of two justice systems, one for everyday, working people and one for the elite, the rich and the powerful. Mr. Trump and his allies may say that these penalties are too harsh, or that this is part of a witch hunt.

    'I will remind everyone that this investigation only started after Michael Cohen, the former lawyer, his former lawyer, testified before Congress and shed light on this misconduct,' she said,

  2. Lauren Boebert is a Worthless POS says:

    Hoax! Fake news! Orange Jesus is my savior! Look her up! Error 404!

    He’s hoping that this will distract attention from the Mar-A-Lago search warrant execution which was distracting attention from the January 6 committee work.

    • notaskinnycook says:

      He’s running out of distractions and running out of road. I had a strong feeling that if anyone was gonna nail him, it would be Tish James. I think a lot of the D.As and A.G.s that have been bird-dogging him are actually a little frightened of him (looking at you, Mr. Garland). But not James. She looked like a boss at that press conference this morning.

      • JohnInDenver says:

        Unfortunately, the NY Attorney General has some strange limitations — and this is apparently ONLY being filed as a civil case. 

        Referrals and cooperation with the Manhattan District Attorney & the US Attorney for the Southern District of NY may turn into actual criminal cases.

  3. Genghis says:

    It's not every day ya see a 214-page, 838-paragraph verified complaint, but this is no ordinary day.

  4. Genghis says:

    And hot off the presses, the U.S. Court of Appeals for the 11th Circuit says the government can use documents seized from the trash palace and marked "classified" in their criminal investigation while the appeal is ongoing.

  5. Negev says:

    The walls are closing in on orange man now!

  6. MichaelBowman says:

    Speaking of…

    Did anything ever come of BangBang’s investigation where she used campaign funds to pay her restaurants bills? 

  7. skeptical citizen says:

    “Claiming you have money that you do not have does not amount to the art of the deal. It’s the art of the steal,” AG James said, referring to the title of Trump’s 1987 memoir, “The Art of the Deal.”

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