New York Attorney General Letitia James' office has alleged that former President Donald Trump routinely overstated his personal net worth to financial institutions by up to $2.2 billion each year between 2011 and 2021. The lawsuit, filed in October 2020, seeks $250 million in damages from Trump, his three eldest children, and the Trump Organization, and the filing seeks to have the court declare that Trump and his company violated New York's civil and business laws. The case is scheduled for trial in October, with the outcome potentially having major implications for the former president and his family.
Posts tagged as “the Trump Organization”
Allen Weisselberg, the former Trump Organization chief financial officer, was released from Rikers Island jail after serving more than two-thirds of his five-month sentence for tax fraud and other crimes. His testimony was instrumental in the conviction of two Trump Organization companies in December 2022. Weisselberg's release marks the end of his sentence, and the future of both him and the Trump Organization remains uncertain.
Key takeaways: Former President Donald Trump is expected to visit the offices of New York’s Attorney General Letitia James on Thursday for his second deposition…
Key takeaways: House Republicans have proposed a bill that would move cases against former presidents from state jurisdiction to federal court. The bill is a…
Former President Donald Trump is scheduled to sit for a deposition Thursday in the Lower Manhattan offices of New York State Attorney General Letitia James, related to a lawsuit seeking $250 million in damages from Trump, his children and the Trump Organization. In August 2022, Trump refused to answer questions in a deposition for the case, citing his Fifth Amendment right against self-incrimination. It is unclear if Trump will answer questions in this upcoming deposition, or if he will continue to invoke his Fifth Amendment rights.
Judge Juan Merchan, who presided over former President Donald Trump's arraignment and the recent criminal tax fraud trial involving the Trump Organization, has donated $35 to Democratic political campaigns in 2020, including $15 to President Joe Biden's campaign. This has sparked debate over the propriety of a judge making political contributions while presiding over a case involving a political figure, and has raised questions about the impartiality of the judicial system.
Manhattan District Attorney Alvin Bragg has charged former President Donald Trump with 34 felony counts of falsifying business records in connection with an alleged scheme to cover up two affairs with hush money payments. This is the first time in U.S. history that a president has faced criminal accountability, and the charges come after a lengthy investigation by the Manhattan District Attorney's office into the alleged hush money payments. Trump has denied any wrongdoing and is currently facing a separate criminal investigation in Georgia related to his attempts to overturn the 2020 election results.
The Manhattan District Attorney's office has reportedly begun to pressure former Trump Organization CFO Allen Weisselberg to cooperate with their investigation into former President Donald Trump's hush money payments to an adult film star during his 2016 campaign. The investigation is part of a larger effort to investigate various aspects of Trump's life and business, and prosecutors have threatened Weisselberg with additional charges unless he cooperates. Former District Attorney Cyrus Vance had expressed confidence that his successor, Alvin Bragg, would agree with his assessment and see the case through.