Letitia James seeks legal penalties against Trump in $250M lawsuit.

New York‌ Attorney General Seeks Legal Sanctions Against Donald Trump and ‌Co-Defendants

In a⁣ bold move, New York Attorney General Letitia‍ James has requested legal sanctions against former President Donald Trump and his‍ co-defendants, who are ⁤embroiled in ⁢a $250 million lawsuit tied to Trump’s⁤ organization.

James, determined to hold Trump accountable, filed court documents on Tuesday, ⁣asking a judge to impose sanctions amounting to $20,000. She‍ argued that⁢ despite the courts rejecting the​ same legal​ argument three‍ times and‍ labeling it as ​”frivolous,” the former president has persistently made the‌ same ⁤claim‌ five times. Two ‌of these claims are still pending as they were​ filed just last month.

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James’s office​ emphasized that the⁢ court has the ⁢power to impose sanctions on‌ any party or lawyer involved in a civil action who engages in “frivolous conduct.”

The⁤ crux of Trump’s legal argument, which his‍ team attempted ⁣to use, is ⁢that the district attorney’s office lacks the standing or ⁢capacity to bring⁤ claims alleging that Trump and his colleagues “grossly” inflated his net worth by billions of⁣ dollars.

Furthermore, ‌James accused ​the Trump Organization of deceiving lenders​ and others through false ⁣or misleading financial statements.⁢ The alleged fraudulent activities date back to 2011, and James filed the lawsuit last year.

“Since⁣ at least 2011, Defendants and others working on their behalf at the Trump ⁤Organization have falsely inflated by billions of dollars the value of many of the assets listed on‌ Donald J.‌ Trump’s annual statement⁢ of financial condition (‘SFC’), and hence his ‍overall net worth for each of these years,” a filing last week stated.

“Mr. Trump, and in ‌some years the trustees of his revocable trust, submitted these grossly inflated SFCs to ⁢banks and insurers to secure and maintain loans‌ and insurance on⁣ more favorable terms, reaping hundreds of ⁣millions of dollars in ill-gotten savings and profits,” it added.

James is seeking $250 million in damages for the ⁣overall case. However, Trump’s attorneys vehemently deny the ‍charges and⁣ any wrongdoing⁤ on the part of the former president. The sanction request also includes Trump’s two oldest sons, ⁤Donald Trump Jr. and Eric Trump, along with other prominent figures in the family’s company.

Despite a couple of unsuccessful‌ attempts to dismiss⁢ the ‍case, a trial for the civil lawsuit is set to commence on October 2.

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