{"id":9045,"date":"2023-08-30T23:28:40","date_gmt":"2023-08-30T23:28:40","guid":{"rendered":"https:\/\/imsfund.com\/?p=9045"},"modified":"2023-08-30T23:28:40","modified_gmt":"2023-08-30T23:28:40","slug":"new-york-attorney-general-seeks-summary-judgment","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/08\/30\/new-york-attorney-general-seeks-summary-judgment\/","title":{"rendered":"New York attorney general seeks summary judgment"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107294052\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>New York Attorney General Letitia James is seen during a public safety announcement to prevent gun violence at City Hall, July 31, 2023.<\/p>\n<p>Lev Radin | Pacific Press | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>New York <a href=\"https:\/\/www.cnbc.com\/2023\/01\/20\/trump-drops-lawsuit-against-new-york-attorney-general-james.html\">Attorney General<\/a> Letitia James asked a <a href=\"https:\/\/www.cnbc.com\/2023\/08\/29\/trump-legal-challenges-where-the-former-presidents-7-big-cases-stand.html\">judge<\/a> Wednesday for a partial summary judgment against Donald Trump in her $250 million <a href=\"https:\/\/www.cnbc.com\/2023\/08\/04\/trump-organization-monitor-tells-judge-about-disclosure-issues.html\">lawsuit<\/a> accusing the former <a href=\"https:\/\/www.cnbc.com\/2022\/09\/21\/new-york-sues-donald-trump-company-and-family-members-over-widespread-fraud-claims-seeks-at-least-250-million-in-penalties.html\">president<\/a> of widespread fraud, citing what she called a &#8220;mountain of undisputed evidence&#8221; of false and misleading financial statements.<\/p>\n<p>In a court filing, James said evidence shows that if Trump&#8217;s net worth were correctly calculated, it would be between 17% and 39% lower than what he claimed each year over the course of a decade, &#8220;which translates to the enormous sum of $1 billion or more in all but one year.&#8221;<\/p>\n<p>The allegedly false statements included years when Trump was in the White House, according to the filing.<\/p>\n<p>James&#8217; filing comes two months before the trial is set to begin in the civil suit against the former president; the Trump Organization; and his sons, Donald Trump Jr. and Eric Trump, at New York Supreme Court in Manhattan.<\/p>\n<p>James is suing the Trumps for allegedly defrauding banks, insurance companies and others with the use of false financial statements.<\/p>\n<p>That trial would still take place to address other claims, even if Judge Arthur Engoron grants James&#8217; request for partial summary judgment and finds Trump and the other defendants committed fraud under New York business law.<\/p>\n<p>James, in her motion, says Engoron has to answer just &#8220;two simple and straightforward questions&#8221; to make that finding.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">CNBC Politics<\/h2>\n<div class=\"group\">\n<p>Read more of CNBC&#8217;s politics coverage:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>One question is whether Trump&#8217;s annual statements of his financial condition were &#8220;false or misleading,&#8221; the attorney general wrote.<\/p>\n<p>The other question, she wrote, is whether Trump and his co-defendants repeatedly used the financial statements to conduct business transactions.<\/p>\n<p>&#8220;The answer to both questions is a resounding &#8216;yes&#8217; based on the mountain of undisputed evidence cited&#8221; in the documentation submitted by James&#8217; office, the motion said.<\/p>\n<p>&#8220;Based on the undisputed evidence, no trial is required for the Court to determine that Defendants presented grossly and materially inflated asset values in the SFCs [financial statements] and then used those SFCs repeatedly in business transactions to defraud banks and insurers,&#8221; James wrote.<\/p>\n<p>&#8220;Notwithstanding Defendants&#8217; horde of 13 experts, at the end of the day this is a documents case, and the documents leave no shred of doubt that Mr. Trump&#8217;s SFCs do not even remotely reflect the &#8216;estimated current value&#8217; of his assets as they would trade between well-informed market participants,&#8221; the motion said.<\/p>\n<p>CNBC has requested comment from a lawyer for Trump.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2023\/08\/30\/trump-fraud-case-new-york-attorney-general-seeks-summary-judgment.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Attorney General Letitia James is seen during a public safety announcement to prevent gun violence at City Hall, July 31, 2023. Lev Radin | Pacific Press | Lightrocket | Getty Images New York Attorney General Letitia James asked a judge Wednesday for a partial summary judgment against Donald Trump in her $250 million [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":9046,"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\/107294052-1693419681498-letitia.jpg?v=1693428490&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-9045","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\/9045","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=9045"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/9045\/revisions"}],"predecessor-version":[{"id":9047,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/9045\/revisions\/9047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/9046"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=9045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=9045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=9045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}