President Trump on Tuesday responded to a New York judge’s decision to rescind his business licenses as punishment in Letitia James civil lawsuit.
A New York judge on Tuesday refused to dismiss NY Attorney General Letitia James’ lawsuit against President Trump.
Judge Arthur Engoron ruled on Tuesday that Trump and Trump Org. are liable for fraud. A non-jury trial begins on October 2.
“Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee Trump Organization operations.” – AP reported.
“If not successfully appealed, the order would strip Trump of his authority to make strategic and financial decisions over some of his key properties in the state.” – AP reported.
Trump responded to the judge’s ruling on Tuesday evening.
“My Civil rights have been violated, and some Appellate Court, whether federal or state, must reverse this horrible, un-American decision,” Trump said on Truth Social.
Earlier this month New York Attorney General Letitia James alleged Trump overstated his net worth by billions of dollars to obtain loans, get insurance benefits and manipulate taxes.
Letitia James in the court filing said that Trump overstated his net worth between 2011 and 2021.
A previous report found that Trump actually undervalued his assets.
Letitia James in September announced a lawsuit against former President Donald Trump and his family.
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AG James has been investigating whether the Trump Organization inflated the values of some of its properties.
Letitia James said her office is seeking to:
- Make Trump pay $250 million.
- Ban the Trumps from running NY businesses for good.
- Ban Trump and Trump Org from buying commercial real estate in NY for 5 yrs.
- We’re making a criminal referral to the US Department of Justice
“With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes. In short, he lied to gain massive financial benefits for himself,” Letitia James said in September.
“We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements. These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage,’ she added.
Letitia James has been harassing Trump and his family…just as she promised.
In November 2018 after her election, Letitia James immediately began cursing and threatening President Donald Trump.