Trump Tower is in danger – Al-Rai newspaper

From our correspondent
New York – Donald Trump And his adult children – Eric, Ivanka and Donald Jr – I am Responsible for fraudhaving supplied it for about ten years False financial information by inflating the value of their assets towards banks and insurance companies. A New York judge ruled so Arthur EngoronIn agreement with the State Attorney General Letitia JamesThis was a few days before the start of the civil trial in this matter.

The fraud lawsuit was filed a year ago by Democratic attorney James, who accused Trump of inflating the assets of her company Bain 812 million and 2.2 billion dollars Over a decade, to obtain better loan terms and other economic benefits.

A scam that James believes helped the property developer obtain loans to build a house Golf resorts in Miami, hotels in Washington and hotels in Chicago. Judge Engoron also ordered some of Trump’s business licenses to be revoked as punishment, making some businesses difficult or impossible for him and his children in New York and also affecting the image of a smart, successful businessman he had built before ascending to the White House.

The decision will not lead to the dissolution of the businessman’s company, but it will end his control over a commercial property in it Wall Street It is drug A Westchester County; You could also lose control of other assets in New York, including… Trump TowerAlthough there will likely be a battle over this in the coming months. One of James’ goals is to prevent Trump and his three sons from doing business in the state in the future. Therefore, the judge’s decision is to strike Trump and his family: at this point Trial without jury Which will start on October 2 He will have to determine how much he will have to pay in damages (James points out 250 million dollars).

But the businessman who accuses James “Political persecution”may slow down the start of the trial: he appealed, accusing the judge and prosecutor of ignoring a previous ruling issued by the Court of Appeal three months ago, which ruled that the case should be partially dismissed. “This is a great company that has been slandered and slandered by a politically motivated witch-hunt.”Trump responded on his social network. The judge “who hates Trump more than Attorney General Letitia James,” writes, complaining about the lack of a jury and claiming his actions were correct.