Letitia James wants $370 MILLION from Trump and to bar him from doing business in New York in his civil fraud trial, bombshell new filing reveals
By Kelly Laco, Executive Editor Of Politics For Dailymail.Com
Published: 13:50 EST, 5 January 2024 | Updated: 16:46 EST, 5 January 2024
• The AG writes the alleged fraud schemes were 'so outrageous that they belie innocent explanation'
• James, who Trump has repeatedly attacked as partisan and 'racist,' had originally sued the former president for $250 million
•Final arguments are scheduled for next weekand a ruling in the 11-week explosive trial could come by the end of the month
New York Attorney General Letitia James is demanding over $370 million from Donald Trump and wants to bar him from doing any business in the state as the explosive civil fraud trial into his family's business practices comes to a close.
The fraud case brought by James accuses the Republican frontrunner for president of inflating the value of properties, including his Mar-a-Lago home in Florida, to get better terms on loans. James, who Trump has repeatedly attacked as partisan and 'racist,' had originally sued the former president for $250 million.
The new bombshell filing Friday argues that the massive sum is warranted due to the former president's 'myriad deceptive schemes' that were employed by his business and co-defendants to 'inflate asset values and conceal facts.' She writes the alleged fraud schemes were 'so outrageous that they belie innocent explanation.'
Trump's attorneys fired back, saying that James has 'no evidence' and insisted there was not a single witness who backs up those scathing allegations.
Judge Arthur Engoron has already found Trump, and his sons Don Jr. and Eric, liable for fraud. The post-trial briefs followed an 11-week explosive trial to determine how much money Trump and his business should fork over - which winded down last month.
New York Attorney General Letitia James is demanding over $370 million from Donald Trump and wants to bar him from doing any business in the state as the explosive civil fraud trial into his family's business practices comes to a close
'He rambled, he hurled insults,' New York AG Letitia James said after a dramatic appearance by former President Donald Trump .Closing arguments before Engoron are scheduled for next week and he could rule by the end of the month.
The former president took to his Truth Social account to blast the $370 million sum requested by James, who he called 'corrupt.''I did nothing wrong,' he wrote in all caps, calling his financial statements 'great' and 'very conservative.''NOW THE CORRUPT A.G. WANTS $370,000,000 AS BUSINESSES FLEE NEW YORK. THEY SHOULD PAY ME,' he exclaimed. He went on to call it 'prosecutorial misconduct' and a 'DOJ witch hunt.'
Trump attorneyAlina Habbaadded in a statement to DailyMail.comthat the new penalty is 'absurd'and can be described as 'nothing less than a form of politically motivated persecution of the leading Republican presidential candidate.' 'My clients did nothing wrong, there were no victims and the case presented has proven that his statements were under valued,' she continued.
Trump's legal team finally rested their defense in his New York fraud trial on December 13, after one final courtroom skirmish where Judge Arthur Engoron told them there was 'no way' he would rule in their favor.
The final squabble came after Trump failed to appear in his own defense as he originally forecast and son Eric made a surprise appearance to watch the final moments of the family business's case.
That came after the former president posted on X that 'I have already testified to everything & have nothing more to say.''We do rest,' Trump lawyer Chris Kise told the judge, who Trump attacked as 'crooked' throughout the trial while also firing off posts targeting his wife and chief judicial clerk.
Trump lawyer Chris Kise indicated took a series of steps on general court matters 'for appellate purposes,' prompting a quip from Engoron. The fraud case brought by James accuses Trump of inflating the value of properties, including his Mar-a-Lago home in Florida, to get better terms on loans
'You're going to appeal,' he said, ABC News reported.Kise said he planned to make a motion for a 'directed verdict.' That would be an opportunity for the judge to rule there was no sufficient evidence to the prosecution's case, effectively ending a matter where he has already made a finding of fraud. Kise indicated that Trump's team planned to appeal
'There is no way I am going to grant that,' Engoron told him. 'You'd be wasting your time.'
https://www.dailymail.co.uk/news/article-12931509/Letitia-James-wants-370-MILLION-Trump-bar-doing-business-New-York-civil-fraud-trial-bombshell-new-filing-reveals.html