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Prosecutor denounces Trump, children and company of former US president for fraud

The New York Public Ministry sued this Wednesday (21) Donald Trump, in addition to his three adult children and the Trump Organization, a company of the Former President of the United States, for fraudulently obtaining loans, insurance benefits and paying taxes below the correct amounts.

Attorney General Letitia James said on Twitter that Trump committed “fraud”. tax” between 2011 and 2021 and that the US state asks for compensation of US$ 250 million, a veto of Trump business and a restriction on the purchase of commercial real estate over the next five years.

“We found that Trump, his family and the Trump Organization used fraudulent and misleading asset valuations about

times in ten years in its annual financial statements. Those returns were used to obtain hundreds of millions of dollars in loans and insurance coverage,” he said.

The prosecutor alleged in a statement that Trump used his children Donald Jr, Eric, Ivanka and senior executives of his company to “illegally inflate and deflate their net worth into billions” of dollars in order to enrich themselves and “lie to the system”.

The former president’s family business allegedly induced banks to lend him money on more favorable terms and insurers to give him more coverage for lower premiums, in addition to taking tax advantages, according to the indictment.

The allegations, which James took to the state Supreme Court, are the result of an extensive civil investigation that dragged on for three years, with a legal battle in which Trump tried to hinder and delay subpoenas for depositions or delivery of documents.

In early August, he appeared before the prosecutor to testify by order of a jury. iz, but invoked the Fifth Amendment to the Constitution, which allows an investigated defendant to remain silent to avoid incriminating himself.

In addition to filing the lawsuit, the prosecutor recommended opening a

Trump reacted to the complaint with a post on his social network, Truth Social: “Another witch hunt promoted by a racist attorney general, Letitia James, who failed her gubernatorial candidacy, garnering almost zero public support, is now doing poorly against the highly respected attorney general candidate Michael Henry. I never thought this case would go ahead until I saw her really bad numbers in the polls. She is a fraud who campaigns on a ‘Trump hunt’ platform despite the fact that the cityis one of the biggest disasters in the world in crimes and murders under your watch!”.

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