New York AG seeks sanctions that could hurt Trump's business

  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Donald Trump and his company could face a range of stiff penalties if a court sides with New York’s attorney general in a sprawling fraud lawsuit filed against the former president Wednesday

NEW YORK — — Donald Trump and his company could face a range of stiff penalties if a court sides with New York's attorney general in a sprawling fraud lawsuit filed against the former president Wednesday.

For now, the Republican isn't at risk of going to jail. The lawsuit brought by Attorney General Letitia James seeks civil penalties only for what she said was a decade of illicit attempts by Trump to mislead lenders, lower his insurance rates or reduce his taxes. Trump's legal team contends that his financial practices were normal in the real estate industry and that James is waging an unfair political vendetta. His company has noted that some of the lenders that James alleges might have been deceived by Trump's financial statements profited richly from the loans they gave to him.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 247. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York attorney general sues Donald Trump and his companyNew York’s attorney general sued former President Donald Trump and his company on Wednesday, alleging business fraud involving some of their most prized... New season of the good fight? Lawsuit sounds pretty iron clad against trump and org. Tbd on children. Hmmmm....just NOW coming up with this information. smells like desperation for the democrats!
Source: dallasnews - 🏆 18. / 71 Read more »