According to a new ruling, Donald Trump allegedly committed fraud for years while building his real estate empire. His real estate company tricked banks and insurance companies into thinking Trump’s properties were worth more than they were, so it offered cheaper loans, insurance and lower taxes. According to the ruling, Trump is said to have “repeatedly” inflated his fortune – with up to $3.6 billion (almost NOK 40 billion) – to banks and insurance companies, the BBC reports. This is dramatic for Trump and his sons Eric and Don, who will be deprived of the right to continue the Trump empire in New York. The public prosecutor also wants to give the former president a fine of 250 million dollars. The Trump family is accused of extensive fraud. From left Eric, Donald Jr, Ivanka and Donald Trump. Photo: Gary Cameron / Reuters Was sued last year New York State Attorney Letitia James sued both Trump and children Ivanka, Eric and Donald junior as well as the family business Trump Organization. In a more than 200-page document, the attorney general claimed that the fraud affected all parts of the Trump company, including his properties and golf courses. – Trump falsely inflated his fortune by billions of dollars, said Letita James in a press conference last year. Photo: EDUARDO MUNOZ / Reuters According to the lawsuit, they should have deceived tax authorities, insurance companies and lenders by using misleading values on his properties. They must have done this over 200 times in 10 years. The lawsuit states, among other things, that Trump set the value of the Mar-a-Lago property in Palm Beach on false premises. He is said to have said that the property had few restrictions and could be built on, although he allegedly knew that the property had strict restrictions. – Witch hunt Nyhetsbyrået Ap has tried to get in touch with the former president. A spokesperson for Trump declined to comment on the ruling. But Trump has long insisted he did nothing wrong. Trump’s Mar-a-Lago estate in Palm Beach, Florida. Photo: MARCO BELLO / Reuters Trump believes the case is politically motivated and points out that the judge is a Democrat, and that it is all about a witch hunt. Trump has previously said that Attorney General James is running a “vindictive and self-serving fishing expedition,” and called the claims “baseless,” according to CNN. The case will come before the court at the beginning of October and could potentially last until December. At the same time, there is a battle going on in the Republican Party to become the party’s presidential candidate in the US election that will take place in 2024.
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Trump found guilty of fraud – news Urix – Foreign news and documentaries
