{"id":10444,"date":"2024-01-06T07:19:32","date_gmt":"2024-01-06T07:19:32","guid":{"rendered":"https:\/\/imsfund.com\/?p=10444"},"modified":"2024-01-06T07:19:32","modified_gmt":"2024-01-06T07:19:32","slug":"ag-wants-trump-banned-from-new-york-real-estate-business-for-life","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/01\/06\/ag-wants-trump-banned-from-new-york-real-estate-business-for-life\/","title":{"rendered":"AG wants Trump banned from New York real estate business for life"},"content":{"rendered":"


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Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City on Oct. 3, 2023.<\/p>\n

Shannon Stapleton | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The New York attorney general on Friday asked a judge to ban former President Donald Trump<\/a> from the state’s real estate industry for life, ban him from serving as an officer or director of a New York corporation and for him to be fined $370 million.<\/p>\n

Attorney General Letitia James is also seeking a five-year ban on Donald Trump Jr. and Eric Trump, Donald Trump’s sons, from working in New York’s real estate industry, according to a new court filing.<\/p>\n

The filing comes weeks after the conclusion of testimony in the civil fraud case in Manhattan Supreme Court.<\/p>\n

James accuses Donald Trump, his two sons and the Trump Organization of a broad scheme to misstate the true values of various real estate assets for financial benefit, including better loan terms.<\/p>\n

The attorney general alleges that Donald Trump falsely inflated his statements of net worth by anywhere between $812 million and $2.2 billion because of those false valuations.<\/p>\n

The fine James seeks includes $168 million in interest payments the former president allegedly avoided through fraud.<\/p>\n<\/div>\n

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Read more CNBC politics coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Donald Trump denies the claims, and says they are politically motivated.<\/p>\n

Alina Habba, a lawyer for Trump, in a statement Friday called James’ new filing “absurd” and that it “can be described as nothing less than a form of politically motivated persecution of the leading Republican presidential candidate.”<\/p>\n

“My clients did nothing wrong, there were no victims and the case presented has proven that his statements were under valued,” Habba said.<\/p>\n

In their own filings Friday, Trump’s attorney argue that the evidence at trial does not support a finding that he intended to defraud lenders or others.<\/p>\n

Judge Arthur Engoron is expected to issue his ruling in the case in the coming weeks.<\/p>\n

This is breaking news. Check back for updates.<\/strong><\/em><\/p>\n

Don’t miss these stories from CNBC PRO:<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n


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Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City on Oct. 3, 2023. Shannon Stapleton | Reuters The New York attorney general on Friday asked a […]<\/p>\n","protected":false},"author":5,"featured_media":10445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107310670-1704478583449-107310670-16963432002023-10-03t142003z_1501061944_rc22l3apm8pd_rtrmadp_0_usa-trump-new-york.jpg?v=1704490074&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-10444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=10444"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10444\/revisions"}],"predecessor-version":[{"id":10446,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10444\/revisions\/10446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/10445"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=10444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=10444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=10444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}