Letitia James Recommends Barring Trump From NY Real Estate Industry, Pay $370 Million
HuffPost
A final ruling is expected in the civil fraud case in January, where a judge has already found that Trump has engaged in financial fraud for decades.
Former President Donald Trump should be barred from the New York real estate industry and be forced to pay $370 million in ill-gotten gains as a result of decades of “outrageous” financial fraud, New York Attorney General Letitia James argued in a brief filed on Friday.
Trump stood trial in 2023 on civil charges that he, his sons Donald Trump, Jr. and Eric Trump and two other associates engaged in decades of financial fraud by inflating his net worth to obtain more favorable loans to operate in the real estate industry. New York Judge Arthur Engoron ruled on Sept. 26 that Trump had committed fraud before the trial began.
Closing arguments in the trial are set to be held on Jan. 11. The brief filed by James lays out the punishment she is seeking for Trump, his sons and their associates once the trial is over.
Trump should be permanently barred from working in the state of New York’s real estate industry, while his sons should face five-year bans on “participating in the real estate industry in New York State or serving as an officer or director of any New York corporation or other legal entity,” according to the brief.
In addition, Trump and his corporate entities should face a disgorgement of $370 million to recoup the money he saved in interest payments thanks to his fraudulent activity. Previously, James had recommended the court fine Trump at least $250 million. Trump is estimated to be worth $3.1 billion, according to Bloomberg.
Florida Hillsborough County Sheriff Chad Chronister was criticized for ordering the arrest of a megachurch pastor in 2020 who defied COVID lockdowns.
In a lengthy note, Victor Willis explained why he changed his tune on the Republican's use of the 1978 disco classic.
The filing comes after the judge indefinitely delayed Trump's sentencing date.
Robert F. Kennedy Jr., Trump's nominee for secretary of the Department of Health and Human Services, has called raw milk regulations a "war on public health."
During a Monday podcast, the conservative commentator seemed more bothered by Pete Hegseth's habit of cheating than by the rape allegation he faces.
The New York congresswoman says it's “not rocket science” why people are abandoning the platform X en masse.
The gang and racketeering trial in Atlanta that saw Grammy-winning rapper Young Thug plead guilty to gang, drug and gun charges has ended.
Democratic Sens. Amy Klobuchar and Cory Booker are moving up in their party’s leadership, too.
In response to Republican complaints about a government “weaponized” against Donald Trump, Democrats had always pointed out Joe Biden’s son faced charges, too.
The president-elect dismissed the Canadian prime minister's tariff concerns with a confrontational joke.
D’Souza said he “operated in good faith,” but would have edited the conspiracy film differently if he knew the true nature of cell phone data.