What the New York trial means for Trump and his family business

Here is an explanation of the case and what it means for Trump.

WHAT IS THE SUBJECT OF THE CASE?

Mr. James accused Mr. Trump and the Trump Organization of fraudulently misrepresenting the value of many properties to obtain favorable loans and tax advantages. The company operates hotels, golf courses and other properties around the world.

For example, Mr. James said the Trump Organization valued his property in Seven Springs, Westchester County, New York, at $ 291 million, based on the claim that the company had obtained the necessary permits to build. seven villas on the property. James called the request a “fiction”, pointing out that local authorities limited how the property could be developed.

The survey focused on the company’s operations before Trump became president in 2017.

WHAT COULD THE CONSEQUENCES BE FOR TRUMP?

The lawsuit wants Trump and the other defendants to give up $ 250 million that James says was obtained through fraud. Mr. James is also trying to prevent Mr. Trump and three of his children – sons Donald Trump Jr. and Eric Trump and daughter Ivanka Trump – from serving as directors of companies registered in New York and prevent them and their company to buy real estate advertisements or take out bank loans in New York State for five years.

Mr. James is also seeking to appoint an independent monitor at the Trump Organization to oversee creditors’ assessments and disclosures, among other aspects of his business, for five years.

The attorney general acknowledged at a press conference that Trump, who now lives in Florida, may be trying to relocate his business or borrow elsewhere.

The company’s New York state portfolio includes 14 residential properties, three commercial properties and two golf courses in addition to Seven Springs, according to its website.

Trump, who plans to run for president again in 2024, is certain to contest the dispute.

WHAT DID TRUMP DO ABOUT THE CASE?

Following a press conference by Ms. James on Wednesday, Trump in a social media post called the trial “another witch hunt” and launched a personal attack on her integrity.

“He’s a crook who campaigned on a ‘get Trump’ platform, despite the city being one of the world’s criminal and murderous disasters under his watch!” Trump wrote.

Trump appeared for deposition in August as part of the investigation and declined to answer more than 400 questions, citing his protection against self-incrimination under the Fifth Amendment to the United States Constitution. If the case goes to trial, jurors may consider his refusal to answer questions.

A Trump lawyer Thursday called the allegations “baseless”.

WILL TRUMP BE SUBJECT TO CRIMINAL SANCTIONS IN THIS CASE?

Ms. James cannot bring criminal charges against Trump in this investigation because her investigation was civil, not criminal. But Ms. James said she was forwarding the criminal fraud allegations to federal prosecutors in Manhattan and the Internal Revenue Service for investigation.

The Trump Organization has been separately charged with criminal tax evasion by the Manhattan District Attorney’s Office and is preparing for a trial scheduled for October 24. nL1N30J1LQ]

His longtime former CFO, Allen Weisselberg, has pleaded guilty and is expected to testify against the company, but he is not cooperating in the investigation. Trump himself was not charged in the case.

James is cooperating with this criminal investigation. A criminal case requires evidence beyond a reasonable doubt, while civil cases require a lower standard of proof.

WHAT ABOUT TRUMP’S OTHER LEGAL ISSUES?

Trump faces federal investigations into his handling of government documents after leaving office and his efforts to cancel the 2020 presidential election he lost to Democrat Joe Biden. Trump also faces a Georgia state grand jury investigation into his efforts to overturn the state’s election results.

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