Share this @internewscast.com

New York Attorney General Letitia James is calling for a $370 million fine against former President Donald Trump and his companies and a lifetime ban on him and two of his former company executives from the real estate industry in the state.

Attorneys from James’ office requested the punishment in post-trial motions filed Friday in the Trump fraud case. They said that Trump owes $168 million of interest allegedly saved through fraud; $152 million from the sale of the Old Post Office building in Washington, D.C., the site of one of Trump’s hotels; $60 million through the transfer of the Ferry Point Golf Course contract; and $2.5 million from severance agreements for former Trump Organization chief financial officer Allen Howard Weisselberg and ex-Trump Organization controller Jeff McConney.

James also called for lifetime bans for Trump, Weisselberg and McConney from participation in the real estate industry as well as from serving as officers or directors in New York corporations or entities. The attorney general also asked for five-year bans for Trump’s eldest sons, Donald Trump Jr. and Eric Trump, with the same conditions.

The summary judgment in the case found the former president, his company and top executives liable for repeated and persistent fraud in preparing and certifying as true Trump’s statements of financial condition, which were falsely inflated by between $812 million and $2.2 billion.

In a separate motion filed Friday, the defense attorneys said the evidence doesn’t support a finding that he intended to defraud, and said the same applies to Weisselberg and McConney. The lawyers argued that attorney general’s office has failed to prove insurance fraud and has not demonstrated any real-world impact, and banks did their own due diligence on the financial statements.

Trump has repeatedly denied any wrongdoing in the case, calling the law the lawsuit a partisan “witch hunt,” and has vowed to appeal the judge’s ruling.

In a post in all capital letters Friday on Truth Social, Trump said, “I did nothing wrong, my financial statements are great, & very conservative, the exact opposite of what the highly political & totally corrupt New York state attorney general says.”

“This case should never have been brought, should be in the commercial division (the rigged judge would not let go of it!), & I should never have been gagged,” Trump continued. “Now the corrupt A.G. wants $370,000,000 as businesses flee New York. They should pay me. This is prosecutorial misconduct — a DOJ witch hunt!”

James’ office said that Trump and the others committed illegal acts with the intention to defraud and reaped millions in ill-gotten gains. The sum she is seeking is well over the $250 million that she had initially estimated in 2022 that Trump and his business should pay in damages.

The trial began in early October, with testimony in the case ending last month. Both sides are scheduled to present closing arguments on Jan. 11, and Judge Arthur Engoron has said he expects to issue a written decision with his findings in the following weeks.

Engoron said in a ruling on Dec. 18 that he wasn’t convinced by the Trump team’s arguments that the financial statements weren’t inflated and that such valuations are subjective.

The business fraud lawsuit is just one of several major cases facing Trump. The former president has also been charged with federal offenses related to alleged election subversion in Washington, D.C., and the alleged mishandling of classified documents in Florida and with state election interference charges in Fulton County, Georgia.

Share this @internewscast.com
You May Also Like
Trump honors Staten Island native Michael Ollis with Medal of Honor

Trump Awards Medal of Honor to Staten Island Native Michael Ollis

In a solemn ceremony, President Trump posthumously awarded the Medal of Honor…
Drone strike shuts down Saudi oil giant Aramco in Ras Tanura

Critical Drone Attack Paralyzes Saudi Aramco Operations at Ras Tanura: What It Means for Global Oil Supply

On Monday, drones struck one of the globe’s largest oil refineries in…
Justin Timberlake sues to block release of police video from 2024 drunken driving arrest in New York

Justin Timberlake Initiates Legal Action to Prevent Release of Police Video from 2024 DUI Incident in New York

NEW YORK — Justin Timberlake has taken legal action to prevent the…
Deranged dad charged for stabbing estranged wife to death as teen daughter fights to save her life

Tragic Family Incident: Father Charged in Fatal Stabbing of Estranged Wife as Brave Teen Daughter Attempts to Save Her

A Long Island man faces charges after allegedly stabbing his estranged wife…
Covering Jesse Jackson and carefully double checking

Unveiling the Legacy: A Thorough Examination of Jesse Jackson’s Impact and Influence

In 1988, the landscape of American journalism was markedly different, reflecting a…
San Francisco scammers target renters on TikTok

San Francisco Renters Become Targets in TikTok Scam Scheme

San Francisco’s competitive rental landscape is facing a new challenge: social media…
Jacksonville activists protest U.S. military strikes in Iran: 'Innocents are dying'

Jacksonville Activists Rally Against U.S. Military Actions in Iran, Highlighting Civilian Impact

President Trump has responded to criticisms of recent protests, suggesting that Democratic…
Vance: Iran Couldn't Get Nuke for Years, But Goal Is to Keep Iran from Ever Getting Nuke

Vance Outlines Long-Term Strategy to Prevent Iran from Acquiring Nuclear Weapons

During Monday’s airing of “Jesse Watters Primetime” on Fox News, Vice President…
Asking Eric: Husband thinks mother is perfect; wife thinks she’s a bully

Navigating Family Dynamics: When Your Husband’s ‘Perfect’ Mom Feels Like a Bully

Dear Eric: I’ve been married to my husband for nearly 35 years,…
Chet Hanks, stranded in Colombia, says ‘free me’

Chet Hanks Appeals for Assistance After Becoming Stranded in Colombia

Chet Hanks says he’s stranded in Medellin, Colombia where he spent the…
Savannah Guthrie's mother Nancy missing over a month, $1M reward remains unclaimed

Desperate Search Intensifies: $1M Reward Offered as Savannah Guthrie’s Mother Remains Missing Over a Month

TUCSON, Ariz. — Over a month has passed since the alarming disappearance…
CA gas prices set to surge — and it’s unrelated to Iran

California’s Gas Prices Skyrocket: Uncover the Real Reasons Behind the Surge

This spring, California motorists are encountering yet another reason for the uptick…