The Letitia James Lawsuit May Finally Nail Trump
Summary by Yahoo Finance
Cohen said one or two of Trump's adult children might have to "fall on the sword" for him as a result of a New York probe into the Trump Organization. 
Time: The Letitia James Lawsuit May Finally Nail Trump
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| Last Updated | Sep 24 22 |
| Total Articles | 7 |
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- The court determined that the documents presented here contain fraudulent valuations that the defendants used in their business.
- Attorney General Letitia James filed a lawsuit against Mr. Trump last September, accusing him, his two adult sons, and the Trump Organization of lying about his net worth and asset values between 2011 and 2021.
- Mr. Trump previously denied any wrongdoing and dismissed the New York case as another politically motivated "witch hunt" brought by a biased prosecutor.
- As part of the Tuesday decision, the Trump Organization was instructed to cancel its business licenses in New York and propose independent monitors within 10 days to oversee the process.
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- Engoron also ordered the cancellation of certificates that allowed some of Trump's businesses, including the Trump Organization, to operate in New York, and appointed a receiver to manage the businesses' dissolution.
- The judge described how Trump, his adult sons Donald Jr. and Eric, the Trump Organization, and other defendants fabricated valuations and inflated Trump's net worth to meet their business needs.
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- Chutkan also noted she had never made any comments on Trump's culpability - his own attorneys had drawn that conclusion.
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