NEW YORK, September 21 (CNNBreakingNews.net) — Donald Trump, three of his grown children and their family business were on Wednesday by the New York Attorney General Letitia James sued after a civil investigation into the former US president and his business practices. read more
Here is an explanation of the case and what it means for Trump.
WORUM GEHT ES IN DEM FALL?
James accused Trump and the Trump organization of fraudulently misstating the values of numerous properties and receiving cheap loans and tax benefits. The company manages hotels, golf courses, and other properties around the world.
In one example, James said the Trump organization rated their property in Seven Springs in New York’s Westchester County at up to 291 Millions of US dollars, based on the claim that the company received permits to build seven villas on the property. James called this claim a “fiction” and noted that local authorities thought the way the property could be developed
The investigation focused on the company’s activities before Trump became president in 2017.
WAS KÖNNTEN DIE KONSEQUENZEN FÜR TRUMP SEIN?
The lawsuit aims for Trump and the other defendants to give up 250 million dollars that James said were received through fraud. James is also trying to prevent Trump and three of his children — sons Donald Trump Jr. and Eric Trump and daughter Ivanka Trump — from serving as directors of companies registered in New York and prevent them and their company from buying commercial real estate or getting bank loans in New York State for five years.
James is also eager to appoint an independent monitor with the Trump organization to monitor ratings and provide information to Lenders, including aspects of their business, for five years.
The attorney general acknowledged at a news conference that Trump, who now lives in Florida, could try to relocate his company Or borrow somewhere else.
The company’s portfolio in New York State includes 14 residential properties, three commercial properties and two golf courses, as well as Seven Springs, according to his website.
Trump, who is considering running for president again in 2024, is certain to challenge the lawsuit.
WAS HAT TRUMP ÜBER DEN FALL GESAGT?
Following a press conference from James on Wednesday, Trump described the lawsuit as “another “Witch Hunt” in a social media post and launched a personal attack on their integrity.
“She is a fraudster who fought on a “Get Trump” platform, even though the city is one of the crimes and murder disasters of the World under your supervision! “Trump wrote.
Trump stood up for a statement in August in the investigation and declined to answer more than 400 questions, citing his Protection against self-incrimination under the Fifth Amendment to the US Constitution. When the case goes to court, jurors can consider his refusal to answer questions. Read more
A lawyer for Trump on Thursday described the allegations as “deserving.”
WIRD TRUMP IN DIESEM FALL STRAFRECHTLICH BESTRAFT?
James cannot file criminal charges against Trump in this investigation because their investigation was a civil one, not a criminal one. But James said she is referring allegations of criminal fraud to federal prosecutors in Manhattan as well as to the Internal Revenue Service for investigation.
The Trump organization has been separately charged with criminal tax fraud by the Manhattan District Attorney Office and is preparing presented a scheduled process on October 24th. nl1n30j1lq]
His former long-time Chief Financial Officer Allen Weisselberg pleaded guilty and is expected to testify against the company However, does not participate in the investigation. Trump himself was not charged in this case. Read more
James is helping with the criminal investigation. Criminal proceedings require unequivocal evidence, while civil proceedings require a lower standard of proof.
WAS IST MIT TRUMPS ANDEREN RECHTLICHEN PROBLEMEN?
Trump is facing federal investigations into his handling of government acts after leaving office and his efforts to To overthrow presidential elections in 2020, he lost to Democrat Joe Biden. Trump is also facing a state grand jury investigation in Georgia over efforts to topple that state’s election results.