New York Attorney General Files Request for Partial Summary Judgment Against Former President Donald Trump

One sentence summary – New York Attorney General Letitia James has filed a request for a partial summary judgment against former President Donald Trump in a $250 million lawsuit, accusing him of engaging in widespread fraud through false financial statements that allegedly inflated his net worth by 17% to 39% annually over a ten-year period, potentially amounting to over $1 billion in most years, with the trial scheduled to commence in two months at the New York Supreme Court in Manhattan and involving the Trump Organization and Trump’s sons, Donald Trump Jr. and Eric Trump, who are accused of defrauding banks, insurance companies, and other entities.

At a glance

  • New York Attorney General Letitia James files request for partial summary judgment against former President Donald Trump
  • Lawsuit accuses Trump of engaging in widespread fraud
  • Undisputed evidence supports claims of false and misleading financial statements made by Trump
  • Trump’s net worth may have been inflated by 17% to 39% annually over a period of ten years
  • Trial scheduled to commence in two months at New York Supreme Court in Manhattan, involving the Trump Organization and Trump’s sons

The details

New York Attorney General Letitia James has filed a request for a partial summary judgment against former President Donald Trump.

This request is part of a $250 million lawsuit.

The lawsuit accuses Trump of engaging in widespread fraud.

Undisputed Evidence Supporting Claims

James asserts that there is a substantial amount of undisputed evidence supporting her claims.

These claims involve false and misleading financial statements allegedly made by Trump.

According to the evidence presented, Trump’s net worth may have been inflated by 17% to 39% annually over a period of ten years.

This inflation could amount to over $1 billion in most years.

The years in question include those during which Trump served as President of the United States.

Trial Details

The trial is scheduled to commence in two months.

The location for the trial is the New York Supreme Court in Manhattan.

The lawsuit involves the Trump Organization.

Donald Trump Jr. and Eric Trump, Trump’s sons, are also involved in the lawsuit.

James accuses them of defrauding banks, insurance companies, and other entities.

The alleged fraud was carried out through the use of false financial statements.

Partial Summary Judgment Request

James has requested a partial summary judgment.

However, the trial will proceed to address other claims even if the judge grants her request.

James argues that the judge only needs to consider two questions to determine if Trump and the defendants committed fraud under New York business law.

These questions revolve around the accuracy and truthfulness of Trump’s annual financial statements.

They also concern whether these statements were repeatedly used in business transactions.

James claims that the evidence submitted by her office leaves no doubt that the defendants intentionally inflated asset values.

She also claims that these statements were used to deceive banks and insurers.

CNBC has reached out to Trump’s lawyer for comment on the matter.

This detailed brief encapsulates all the available information about the news story.

It provides a comprehensive overview of the allegations made by the New York Attorney General.

The upcoming trial involves Donald Trump and the Trump Organization.

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cnbc.com
– New York Attorney General Letitia James has requested a partial summary judgment against Donald Trump in her $250 million lawsuit accusing him of widespread fraud.
– James claims there is a “mountain of undisputed evidence” of false and misleading financial statements by Trump.
The evidence suggests that Trump’s net worth would be between 17% and 39% lower than what he claimed each year over a decade, amounting to over $1 billion in most years.
The allegedly false statements include years when Trump was in the White House.
The trial is set to begin in two months at the New York Supreme Court in Manhattan, involving the Trump Organization and Trump’s sons, Donald Trump Jr. and Eric Trump.
– James accuses the Trumps of defrauding banks, insurance companies, and others with false financial statements.
– Even if the judge grants James’ request for partial summary judgment, the trial will still proceed to address other claims.
– James argues that the judge only needs to answer two questions to find that Trump and the defendants committed fraud under New York business law.
The questions are whether Trump’s annual financial statements were false or misleading and whether they were repeatedly used in business transactions.
– James claims that the evidence submitted by her office leaves no doubt that the defendants inflated asset values and used the statements to defraud banks and insurers.
– CNBC has requested comment from Trump’s lawyer.

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