New York Legal professional Normal Letitia James stated Wednesday her workplace believes it has uncovered federal crimes by former President Donald Trump and others, together with financial institution fraud and mendacity to monetary establishments.
James stated her workplace has despatched a prison referral to federal prosecutors in Manhattan and the IRS.
The revelation of potential federal crimes by the previous president got here as James introduced a civil lawsuit accusing Trump, three of his grownup kids and a few of his longtime enterprise associates of submitting years of fraudulent monetary statements with the intention to obtain varied monetary advantages.
“We imagine the conduct alleged on this motion additionally violates federal prison legislation,” James stated, “together with issuing false statements to monetary establishments and financial institution fraud.”
“We’re referring these prison violations that we have now uncovered to america Legal professional for the Southern District of New York, and the Inner Income Service,” James stated at a press convention.
The 220-page civil lawsuit, filed earlier Wednesday in Manhattan Supreme Courtroom, seeks a minimum of $250 million in damages. It seeks to completely bar Trump, Donald Trump Jr., Eric Trump and Ivanka Trump from serving as an officer of an organization in New York, and completely prohibit the Trump firms named within the go well with from doing enterprise within the state.
The defendants “repeatedly and persistently manipulated the worth of belongings to induce banks to lend cash to the Trump Group on extra favorable phrases” than would have in any other case been accessible, James stated Wednesday morning. They did this “to pay decrease taxes,” in addition to fulfill mortgage agreements and get insurance coverage firms to comply with extra helpful phrases, James stated.
The seven causes of motion listed within the grievance — persistent and repeated fraud, falsifying enterprise data, conspiracy to falsify enterprise data, issuing false monetary statements, conspiracy to falsify false monetary statements, insurance coverage fraud, and conspiracy to commit insurance coverage fraud — all fall beneath the New York penal code.
“We’re conscious of the New York Legal professional Normal’s referral, and past that decline to remark additional,” a spokesman for the Manhattan federal prosecutors’ workplace advised NBC Information.
Alina Habba, an lawyer for Trump, in an announcement Wednesday accused James of submitting the civil lawsuit to advance her “political agenda.”
“It’s abundantly clear that the Legal professional Normal’s Workplace has exceeded its statutory authority by prying into transactions the place completely no wrongdoing has taken place,” Habba stated.
“We’re assured that our judicial system is not going to stand for this unchecked abuse of authority, and we sit up for defending our consumer towards every one of many Legal professional Normal’s meritless claims,” she stated.