New York civil fraud suit could bring down the Trump Organization
by Hugo Lowell in New York from US news | The Guardian on (#63XP8)
Restrictions sought by Letitia James include bans on Trump and his children that would tear his real estate empire from his control
Penalties being sought in the civil fraud suit brought by the New York state attorney general's office against Donald Trump and three of his adult children could potentially result in the end of the Trump Organization, his real estate empire, in its current form.
The former US president, as well as Donald Trump Jr, Ivanka Trump and Eric Trump, were named as defendants in a sprawling 214-page complaint filed by New York attorney general Letitia James for allegedly falsely inflating his net worth by billions to enrich himself and secure favorable loans.
Continue reading...