AG seeks lifetime ban and $370 million fine for Trump in fraud case

In a recent development, the New York attorney general, Letitia James, has made a court filing requesting a lifetime ban on former President Donald Trump from the state's real estate industry. The filing also calls for a ban on Trump serving as an officer or director of a New York corporation and a fine of $370 million.

James is also seeking a five-year ban on Trump's sons, Donald Trump Jr. and Eric Trump, from working in New York's real estate industry. These requests come after the conclusion of testimony in the civil fraud case against Trump, his sons, and the Trump Organization in Manhattan Supreme Court.

James alleges that the defendants engaged in a scheme to misstate the values of various real estate assets for financial gain, including obtaining better loan terms. She claims that Trump inflated his net worth by as much as $2.2 billion due to these false valuations, resulting in him avoiding approximately $168 million in interest payments.

Donald Trump has vehemently denied these allegations, asserting that they are politically motivated. His lawyers argue in their own filings that the evidence presented during the trial does not support a finding of intent to defraud lenders or others.

Judge Arthur Engoron is expected to issue his ruling in the case in the coming weeks, and this is a developing story that will be updated as new information becomes available.


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