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AG James’s Civil Suit Asks Judge to Find Trump Guilty Without a Trial
Independent Sentinel ^ | August 31, 2023 | By M Dowling

Posted on 09/01/2023 9:15:43 AM PDT by Red Badger

Letitia James, who ran on a “Get Trump’ ticket, filed a civil action against President Donald Trump’s Organization that was unsealed in New York.

According to Yahoo News, she wants Trump and his organization found guilty without a trial:

While running his father’s family real estate empire, former President Donald Trump bloated his net worth by a staggering $2 billion, New York Attorney General Letitia James charged in asking a Manhattan judge to rule against the Trumps before their upcoming $250 million civil fraud trial, according to court filings unsealed Wednesday.

James asked State Supreme Court Judge Arthur Engoron to resolve one of the fraud claims facing the Trumps encompassing a chunk of the case slated for trial Oct. 2 by recognizing a “mountain of undisputed evidence” of rampant fraud.

“No trial is required for the Court to determine that (Trump) presented grossly and materially inflated asset values in (financial filings) and then used those (filings) repeatedly in business transactions to defraud banks and insurers,” the filing said.

She doesn’t even want him to have a trial!

James accuses him of inflating his network by $2 billion to strengthen the Trump Organization’s position in the city’s real estate market.

James has been investigating Donald Trump for years. She couldn’t find anything criminal so she went for civil cases. In addition to the one on October 2, she has one for an alleged pyramid scheme on January 29.

GO DEEPER

Among the alleged wrongdoings, AG James claims Trump overvalued by up to 39 percent assets like his New York skyscrapers, golf courses and residential properties, and his Mar-a-Lago compound in Palm Beach, Florida. Doing so, she claims, allowed the Trump brand to deceive banks, lenders, and business partners with “hundreds of millions of dollars in ill-gotten savings and profits.”

[They all have appraisers.]

Despite the Trump Organization laying claim to a real estate empire worth $6.7 billion in 2014, the New York attorney general claims she has hard evidence the combined value did not exceed $4.5 billion.

As part of the unsealed documents, AG James includes public statements by President Trump accusing her of being a racist and saying that the world would have suffered a nuclear attack from North Korea if he had not chosen to forgo his lucrative career and serve the public as president.

In addition to seeking a $250 million judgment against the Trump Organization, AG James hopes to prevent the Trump family from doing commercial real estate deals in New York for the next five years and permanently bar family members from running or helping direct businesses.

Leftist Democrats have called for lawsuits against Donald Trump and his family to bankrupt them. The locales Democrats chose are filled with far-left Democrats.

Now far-left James doesn’t even want the Trumps to have a trial. The Democrats are tearing our Constitution and justice system apart.


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; Government; US: New York
KEYWORDS: agjames; arthurengoron; blackracistsmatter; gettrump; lawfare; letitiajames; realestate; trump; trumpinc; trumplawsuits; trumporg; trumppersecution; trumprealestate
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To: ClearCase_guy

The similarities between today’s Commucrat party and Hitler’s Nazi Germany are staggering.


41 posted on 09/01/2023 9:57:15 AM PDT by tomkat
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To: Migraine

Meanwhile the ENTIRE Biden family lied on their tax returns for years and its totally fine..but in this case, the bank is the one responsible for declaring value on a property heck they are not even complaining at all..I can say my house is worth 5 million dollars, prove me wrong


42 posted on 09/01/2023 9:58:06 AM PDT by Sarah Barracuda
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To: Alberta's Child

Imagine a bank Ceo testifying that he lent money based on the customer’s own representations
about his property’s value. “My $250,000 home is worth $2M, Mr. Mortgage Officer. I swear!”

LOL.....good one.


43 posted on 09/01/2023 10:00:58 AM PDT by Liz (More tears are shed over answered prayers than over unanswered ones. St Teresa of Avila)
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To: Red Badger
Letitia James:

The evidence before the court is incontrovertible.
There's no need for the jury to retire.
In all my years of judging, I have never heard before
Of someone more deserving of the full penalty of law.

-PJ

44 posted on 09/01/2023 10:02:04 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Red Badger

Has anyone checked her records and assets?

You can bet she herself is playing the same game with her own stuff. There is not a corporation or business in this country who does not try to play the system if they can. Been doing it for a hundred years.


45 posted on 09/01/2023 10:06:43 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: kiryandil

If this is true, we are way past a Banana Republic and a into Soviet style dictatorship.


46 posted on 09/01/2023 10:09:10 AM PDT by Lucky2 (I identify as a Fed-Up heterosexual female.)
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To: Red Badger

That would definitely be against the Constitution...attempted deprivation of the constitutional right to due process


47 posted on 09/01/2023 10:11:42 AM PDT by jpp113
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To: Red Badger

Wow, I better warn my college kid who just applied for her first credit card and may have inflated some numbers hoping to get a higher limit or lower interest rate. 🤔


48 posted on 09/01/2023 10:15:14 AM PDT by small farm girl
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To: Red Badger
“No trial is required for the Court to determine that (Trump) presented grossly and materially inflated asset values in (financial filings) and then used those (filings) repeatedly in business transactions to defraud banks and insurers,” the filing said.

What's so stupid about this is that she assumes the banks and insurers and others just accept such filings no questions asked. The banks and insurers have a responsibility and vested interest in analyzing and evaluating any asset valuations presented to them.

They'd be negligent and irresponsible to not do that.

49 posted on 09/01/2023 10:21:43 AM PDT by Will88 ((The only people opposing voter ID are those benefiting from voter fraud.))
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To: John Robinson

There’s two kind of assessments involved...One is the city...and that’s the actual value of the physical property. Then there’s a second value for the bank...income derived from tenants etc.. They both go to the bank to get a total value...It would be like me and you showing the bank your W-2...they want to get paid back. But still...there are no victims...the bank gets their loan money back plus interest..There are no victims.


50 posted on 09/01/2023 10:24:36 AM PDT by Sacajaweau ( )
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To: Red Badger

Is this Babylon Bee?


51 posted on 09/01/2023 10:28:57 AM PDT by nickcarraway
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To: Jonny7797
I see many posts on FR saying inflated asset values on a mortgage application is no big deal. that is wrong.

See my prior post on this thread. This is way beyond “mortgage applications.” These are complex commercial loans where lenders have a fiduciary duty to scrutinize loan applications closely.

52 posted on 09/01/2023 10:31:41 AM PDT by Alberta's Child (“Freedom is just another word for nothing left to lose.”)
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To: Sarah Barracuda

A prosecutor has to convince 12 people.
A defense attorney, only one.......................


53 posted on 09/01/2023 10:35:14 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Will88
Bottom line...all the bank cares about it that you have the "credit" necessary to obtain a loan. She's limited to NYS since that is where he is being tried. Did he have the assets to secure the loans?? Surely any loan was waaaaaay below any assets he submitted.

I repeat...there is no victim.

She's guessing...and she's gonna have a hell of a time proving that someone got s******.

54 posted on 09/01/2023 10:35:32 AM PDT by Sacajaweau ( )
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To: Alberta's Child

I dont disagree the banks have a duty. What I’m saying is it’s a crime to lie on those forms.


55 posted on 09/01/2023 10:44:29 AM PDT by Jonny7797
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To: Sacajaweau
Bottom line...all the bank cares about it that you have the "credit" necessary to obtain a loan.

And determining how much "credit" a borrower has is the responsibility of the lender. The lenders sure don't just accept the asset valuations presented by the borrower.

This half-wit AG is acting as if lenders and insurers just accept asset valuations from customers no questions asked.

56 posted on 09/01/2023 10:45:28 AM PDT by Will88 ((The only people opposing voter ID are those benefiting from voter fraud.))
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To: Red Badger

Banks, insurers and others failing to do their own due diligence is not a matter of fraud on the part of a borrower or business partner.


57 posted on 09/01/2023 10:47:23 AM PDT by Wuli
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To: Red Badger

That is just standard operating procedure for many AGs and prosecutors. Let’s them have their say to the judge before trial even starts. Almost never granted.


58 posted on 09/01/2023 10:49:39 AM PDT by piytar (Do NOT forget Ashli Babbit!)
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To: Red Badger

So now it’s criminal to have a differing opinion on the value of some real estate?

Banks have appraisers, if they didn’t do their job that is their fault.

smh


59 posted on 09/01/2023 10:51:55 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Red Badger

Time to take Letitia back to the zoo.


60 posted on 09/01/2023 10:52:11 AM PDT by FlingWingFlyer (Chumpkin and Garland must recuse themselves from any legal actions against President Trump.)
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