September 21, 2022

IT'S A RICO CASE:

It's Fraud All the Way Down at the Trump Organization (Matt Ford, September 21, 2022, New Republic)

Former President Donald Trump defrauded banks, insurers, and tax agencies out of at least a quarter-billion dollars over roughly the last decade, the New York attorney general's office said on Wednesday. That totaling came as part of a lawsuit filed against Trump and his family real-estate business, the Trump Organization, that sought to recoup those illicit profits and ban Trump and his top lieutenants from running a company in New York ever again.

"With the help of his children and senior executives at the Trump Organization, Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system," New York Attorney General Letitia James said in a statement on Wednesday. "In fact, the very foundation of his purported net worth is rooted in incredible fraud and illegality. Mr. Trump thought he could get away with the art of the steal, but today, that conduct ends."

Posted by at September 21, 2022 7:27 PM

  

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