Letitia James claims Trump ‘mastered the art of theft’ after $350M civil fraud verdict

New York⁣ Attorney General Celebrates Victory as Judge Orders Trump to Pay $350 Million in Damages

In a major win⁤ for New York Attorney General Letitia James, former President‌ Donald Trump and the Trump Organization⁤ have been ordered by Judge Arthur Engoron to pay⁤ over⁣ $350 million in damages. This ruling comes as a result of the New York civil fraud case against Trump and his sons, Eric and Donald ‍Jr.

During a press conference following the ruling, James⁣ expressed her satisfaction, stating, “Justice has been ‍served. Today, we prove that no‍ one is above the law, no matter​ how rich, powerful, or politically connected ​you are. Everyone ‌must⁤ play by the same ⁢rules.”

Exposing Deceptive Business Practices and Fraud

“For years, Donald Trump engaged in deceptive ‌business practices and tremendous fraud. He knowingly and‌ falsely inflated his‌ net ⁢worth by billions of dollars to unjustly enrich himself, his family, and‌ cheat the ⁣system,” James revealed.

Referring⁤ to Trump’s famous book, “The Art of the Deal,” James added, “Donald Trump may⁤ have authored the Art of the Deal, but he ⁣perfected the art of the steal today.”

James initially filed⁣ the lawsuit against Trump in September 2022, and throughout the trial, the former president has⁣ continuously attacked the attorney general and criticized Judge Engoron. Trump has claimed that the trial ⁢was politically motivated due to his reelection campaign, a defense he has used in multiple ⁢criminal cases against him.

As a result of the​ ruling, Trump⁢ will be required to pay⁢ interest on the amount and will be barred from serving as a director of any New York corporation for three years. ⁤Additionally, he will not be able to ‍receive loans from banks registered in ⁢New York. His ⁢sons, Eric and Donald ⁣Jr., will also be prohibited from serving as directors of any New York corporation for two years.

In‌ response to the ruling, Trump took to Truth⁣ Social to express his ​discontent, accusing James of being obsessed with “Getting Trump” and claiming that the ​judgment against him, his family, and his business was illegal‌ and⁣ unAmerican.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

How does Judge Engoron’s ruling in this case impact the future accountability and transparency‍ of financial dealings in the business world

Of a lengthy investigation‌ by the Attorney General’s office into the finances of the Trump Organization.

The investigation, which began ⁣in 2019,⁤ focused on allegations of ​financial misconduct within the organization. Attorney General James launched the inquiry after claims surfaced that the Trump Organization had inflated the value of its properties in order to secure ⁢loans and deflated ⁢them​ for tax purposes.

After‍ two years of rigorous investigation, the Attorney General’s office presented substantial evidence to⁢ the court, demonstrating that the Trump Organization⁢ had indeed engaged ​in various fraudulent practices. ‍This evidence included ​internal documents, emails, and testimonies ‌from former employees who were willing to testify against the organization.

In his ‌ruling, Judge Engoron stated that the evidence ⁤presented by the Attorney General’s office was compelling and ⁢supported the claim ​that the Trump Organization intentionally misled investors, banks, and tax authorities about the true value of its assets. The judge emphasized that such deceptive practices undermine the integrity of the financial system and cannot go unpunished.

The $350 million ‍in‌ damages ordered ⁣by the court includes restitution for the victims of the Trump Organization’s⁣ fraudulent activities, as well ‍as penalties for the organization’s illegal conduct. The funds‍ from these‌ damages will be used to compensate those who suffered financial ⁣harm as‌ a result of the organization’s actions.

The ruling is a significant victory for Attorney General James,​ who has been ‍a vocal critic of former President Trump throughout his tenure. She has consistently asserted ​that no one, regardless of their wealth or position, is above the law. This ruling sends a strong message that financial misconduct will ⁣not be tolerated and ⁤that accountability will⁤ be enforced.

The Trump ‌Organization has already indicated that it ⁤plans ⁣to appeal the ruling. In a statement following the decision, a spokesperson for the organization asserted that the court’s decision was ⁣politically motivated and lacked merit. The organization ‍maintains that it has⁣ always acted within the boundaries of the law ​and will fight ​vigorously to overturn the ruling.

The outcome of this appeal will be closely watched, as it will determine whether the damages awarded by the court will‌ stand. However, regardless of the ⁤final outcome, this ruling ⁤serves as a reminder of the importance of transparency, honesty, and integrity in financial dealings.‍ It highlights the need for robust investigations and strong legal measures to ensure that those⁤ who engage in fraudulent ‌practices are held ⁣accountable.

In ⁣conclusion, the ruling⁤ ordering the ​Trump Organization and former President Donald Trump​ to pay ​over $350 million⁣ in damages is a landmark ⁢moment in the ongoing investigation into financial misconduct. It demonstrates the commitment of​ the New York Attorney General’s office to upholding the principles of justice and sends a clear⁢ message that​ fraudulent practices ⁣will⁢ not be tolerated. As this case proceeds through the appeals process, the public’s attention will be focused on the outcome, which will undoubtedly ⁣have far-reaching implications⁣ for the worlds of politics, ‌business, and finance.

*As an Amazon Associate I earn from qualifying purchases