Donald Trump Charged with Fraud by NY AG Letitia James

Democrats finally did it.

They have charged Donald Trump in a civil suit.

New York Attorney General Letitia James has filed a suit charging Trump, several of his children, and numerous business associates with fraud.

The question now is if it will stick.

Suit Filed

James was giddy, as were most Democrats, when the charges were announced.

James claims that Trump, his children, and his associates, “inflated his net worth by billions of dollars.”

She added, “Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to pay lower taxes, to satisfy continuing loan agreements, and to induce insurance companies to provide insurance coverage for higher limits and at lower premiums.”

James claimed that Trump made “more than 200 false and misleading asset valuations.”

Referencing Trump’s book, she stated, “Claiming you have money that you do not have does not amount to the art of the deal, It’s the art of the steal.”

James has also made referrals to the IRS and US Attorney for the Southern District of New York.

Alina Habba, Trump’s attorney, stated, “Today’s filing is neither focused on the facts nor the law — rather, it is solely focused on advancing the Attorney General’s political agenda.

“It is abundantly clear that the Attorney General’s Office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place.

“We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims.”

As part of the charges, James is trying to bar Trump and his children from being able to conduct business or participating in any New York real estate deals.

We will not be able to make a judgment on this until we start seeing some of the evidence that James claims to have against Trump.

I can make one prediction, however.

By the time this case concludes, it will be the end of either Trump or James.

Source: Fox News

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