The New York District Attorney sues Donald Trump, his children and his company for fraud

New York.- The prosecution of New York sued this Wednesday the former US President Donald Trump (2017-2021), his three eldest children and his company, the Trump Organizationfor fraudulently obtaining loans, insurance benefits, and paying lower taxes.

New York prosecutor Letitia James said that Trump committed “tax fraud” between 2011 and 2021 and that the state is seeking compensation of 250 million dollars, a veto of the Trump businesses and a restriction on their purchase of commercial real estate in the next five years, he indicated on his Twitter.

“We find that Trump, his family and the Trump Organization they used fraudulent and misleading asset valuations about 200 times over 10 years in their annual financial statements. Those statements were used to obtain hundreds of millions of dollars in loans and insurance coverage,” he explained.

The prosecutor explained that Trump he helped his children Donald Jr., Eric, Ivanka and senior executives of his company to “illegally inflate and deflate his net worth by billions (of dollars)” in order to enrich himself and “lie to the system.”

the company of trump, at the center of research

In this way, the family business of the former president allegedly induced the banks to lend him money in more favorable conditions than he would have achieved, and the insurers to give him greater coverage for lower fees, in addition to obtaining tax advantages, according to the note. .

The accusations, which James took to the supreme court of the state, are the result of an extensive civil investigation that has lasted three years, with a legal battle in which Trump has tried to hinder and delay the declaration requirements or delivery of documents.

At the beginning of August, he appeared before the prosecutor to testify in this matter by order of a judge but he availed himself of the Fifth Amendment of the Constitution, which allows an investigated person to remain silent to avoid incriminating himself.

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Apart from filing the lawsuit, the prosecutor has recommended opening criminal proceedings to the Justice Department and the federal tax collection service, which seems to cast a shadow over the prospects of a political comeback for Trump, who could aspire to a new candidacy in 2024.