The vindictive New York Attorney General, Letitia James, has worked to bring the downfall of the Trump family and business.
Through the ridiculous fraud trial that President Trump and his family had to endure, Letitia James has made it abundantly clear that she does not like the Trump family.
Now, NY AG Letitia James urged a Friday judge to increase the fine that President Trump and his company would pay to $370 million.
Initially, AG James sought $250 million from President Trump, but she has grown greedier.
Fox News shares more on the story:
New York Attorney General Letitia James is in the hot seat again – this time after urging a judge on Friday to force former President Donald Trump to shell out $370 million for alleged shady real estate practices, in addition to permanently barring him from the New York real estate industry.
“Ms. James has, in my mind, always been a bit of a fame-hungry human being that has put her politics in front of the interest of New York State,” Alina Habba, an attorney representing the former president, told Fox News’ Maria Bartiromo on “Sunday Morning Futures.”
“After a trial where we had experts say that statements were undervalued, where we had experts who were on the Nobel Executive Committee reference team tell the judge that he [Trump] did nothing wrong, that his statements actually gave too much information and there were no victims. And Deutsche Bank said, ‘Hey, we loved working with Trump. He actually paid his loans off early in many instances, if not on time. We all made money, and he over-invested in the properties, the assets related to the mortgages, and he was a great client.’”
ADVERTISEMENTHabba said James then decided to “up the ante” on how much Trump should be penalized after initially seeking $250 million on allegations he had inflated his net worth to land in better favor with banks and insurers.
According to USA Today, that “figure grew as additional buildings and valuations were revealed during the 44-day trial to determine damages.”
The folks on X aren’t too happy about this news either:
Happening Now: New York AG Letitia James has decided to increase the amount she wants from Donald Trump in his civil trial. Initially she requested $250 million, but now wants $370 million plus interest on that from over a decade.
I hope everyone can see this for what it… pic.twitter.com/xE9lDnTUJQ
— 🇺🇸Travis🇺🇸 (@Travis_in_Flint) January 5, 2024
TRUMP AND NEW YORK:
President Donald J. Trump put out a statement today on Truth Social regarding the ongoing case against him and Letitia James' continued pursuit of him, saying in part:
"One of the Great Miscarriages of Justice in the History of our Country! I took a Loan, I… pic.twitter.com/P5Qw2jKj9F
— Anthony Hughes (@CallMeAntwan) January 7, 2024
USA Today shares more:
The judge, Arthur Engoron, ruled in September that Trump, his sons Don Jr. and Eric, and the company were liable for fraud and ordered the cancelation on their certificates to do business in New York State. But that punishment was put on hold while the case is appealed.
Trump has argued that lenders knew to treat his property valuations cautiously and that there were no victims because they were repaid with interest. Trump has argued that Engoron and his top clerk are partisan and have treated him unfairly during the case that he argued should have been dismissed.
James argued in her filing that voluminous evidence documented how Trump and top executives including his sons were liable for “repeated and persistent fraud.” Examples she cited included:
- reporting assets Trump didn’t control.
- valuing non-existent buildings as if estimated profits could be realized immediately
- disregarding appraisals in favor of values based on false assumptions.
- valuing properties based on grossly exaggerated square footage.
James wrote that unrebutted testimony from a banking expert, Michiel McCarty, supported a penalty of $370 million.
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It is sad to see the poor state that our court systems are in.
So much of this is political theater.
To defame an influential and well-loved political candidate.
They know that President Trump is doing amazingly in the polls, and they want to do anything they can to try and bring him down.
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