NEW YORK: New York’s attorney general says a judge doesn’t need to wait until an October trial in her civil lawsuit against former President Donald Trump to rule that he committed fraud while building his real estate empire.
In court papers made public Wednesday, Attorney General Letitia James urged Judge Arthur Engoron to issue an immediate verdict endorsing her claim that Trump and his company defrauded banks and business associates by lying on financial statements about his wealth and the value of his assets.
Engoron has scheduled a Sept. 22 hearing on James’ request. Her lawsuit, which seeks $250 million in penalties and a ban on Trump doing business in New York, is scheduled to go to trial Oct. 2 in state court in Manhattan. Even if Engoron rules on the fraud claim, he would still preside over a non-jury trial on other claims in the lawsuit if it is not settled.
Messages seeking comment were left with Trump’s lawyers and a spokesperson for his company, the Trump Organization. Trump, the frontrunner for the Republican nomination in next year’s presidential election, has claimed the lawsuit is part of a “politically motivated Witch Hunt” led by James and other Democrats.
James’ lawsuit, involving allegations about Trump’s pre-presidential life as a businessman, is one of many legal headaches he faces as he seeks a return to the White House.
Trump has been indicted four times in the last five months — accused in Georgia and Washington, D.C., of plotting to overturn his 2020 election loss, in Florida of hoarding classified documents, and in Manhattan of falsifying business records related to hush money paid on his behalf. Some of Trump’s criminal trials are scheduled to overlap with the busy presidential primary season.
To rule, Engoron needs only to answer two questions, James’ office argued: whether Trump’s annual financial statements were false or misleading, and whether he and the Trump Organization used those statements while conducting business transactions.
“The answer to both questions is a resounding ‘yes’ based on the mountain of undisputed evidence” in the case, James’ special litigation counsel Andrew Amer said in a 100-page summary judgment motion.
Based on that, Amer argued, no trial is required to determine that Trump, the Trump Organization, and other defendants, “presented grossly and materially inflated asset values” in the financial statements and then used those statements “repeatedly in business transactions to defraud banks and insurers.”
“At the end of the day this is a documents case, and the documents leave no shred of doubt that Mr. Trump’s (statements of financial condition) do not even remotely reflect the ‘estimated current value’ of his assets as they would trade between well-informed market participants,” Amer wrote.
Two of Trump’s children who have worked as company executives, Donald Jr. and Eric Trump, are also named as defendants in the lawsuit, along with other high-level Trump Organization officials. Messages seeking comment were left with their lawyers.
Trump’s daughter, Ivanka Trump, was initially named as a defendant, but a state appeals court dismissed her from the case in June after determining that allegations against her were barred by the state’s statute of limitations.
James sued Trump in September 2022, alleging he and his company lied for at least a decade on annual statements of financial interest he provided to banks, insurers and others. The statements padded Trump’s net worth by billions of dollars and misled banks, insurers and others about the value of assets like golf courses, hotels and his Mar-a-Lago estate in Florida, James said. She dubbed the alleged scheme “The art of the steal,” riffing on the title of Trump’s 1987 memoir, “The Art of the Deal.”
In seeking summary judgment on the fraud claim, James’ office pointed to evidence that shows Trump inflated his net worth by up to 39 percent, or more than $2 billion, in some years. James’ office said Trump’s “blatant and obvious deceptive practices” included wildly overstating the size and value of his homes in Florida and New York, marking up the value of unsold condominiums and rental space, and claiming he could do more with certain land that allowed — like building more homes on his Scottish golf course that the local government had approved.
Trump answered questions in the lawsuit for seven hours at James’ office in April, a reversal from a deposition last year, before the lawsuit was filed, where he refused to answer all but a few procedural questions. At that earlier deposition, Trump invoked his Fifth Amendment protection against self-incrimination more than 400 times.
Trump is not expected to testify in court, but video recordings of Trump’s depositions could be played.
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New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump
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New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump
- James’ lawsuit, involving allegations about Trump’s pre-presidential life as a businessman, is one of many legal headaches he faces as he seeks a return to the White House
New Trump strategy vows shift from global role to regional
WASHINGTON: President Donald Trump’s administration said in a long-awaited new strategy document Friday that the United States will shift from its historic global role toward increasing dominance in Latin America and vigorously fighting migration.
The national security paper, meant to flesh out Trump’s norms-shattering “America First” worldview, signals a sharp reorientation from longstanding US calls to refocus on Asia, although it still identifies China as a top competitor.
The strategy also brutally criticized allies in Europe and said that the United States will champion opponents to European Union-led values, including on immigration.
Breaking with decades of attempts to be the sole superpower, the strategy said that the “United States rejects the ill-fated concept of global domination for itself.”
It said that the United States would also prevent other powers from dominating but added: “This does not mean wasting blood and treasure to curtail the influence of all the world’s great and middle powers.”
The strategy called for a “readjustment of our global military presence to address urgent threats in our Hemisphere, and away from theaters whose relative import to American national security has declined in recent decades or years.”
The strategy speaks in bold terms of pressing US dominance in Latin America, where the Trump administration has been striking alleged drug traffickers at sea, intervening to bring down leftist leaders including in Venezuela, and loudly seeking to take charge of key resources such as the Panama Canal.
The strategy cast Trump as modernizing the two-century-old Monroe Doctrine, in which the then young United States declared Latin America off-limits to rival powers, then from Europe.
“We will assert and enforce a ‘Trump Corollary’ to the Monroe Doctrine,” it said.
- Championing Europe ‘resistance’ -
Trump has sharply reversed many longstanding US principles since returning to office in January.
He rose to political prominence demanding sweeping curbs on immigration to the United States, fanning fears that the white majority was losing its status, and since taking office has ordered drastic and high-profile raids to deport undocumented people.
“The era of mass migration must end. Border security is the primary element of national security,” the strategy said.
The strategy made clear that the United States under Trump would aggressively pursue similar objectives in Europe, in line with far-right parties that have made strong gains in much of the continent.
In extraordinary language in speaking of close allies, the strategy said: “Cultivating resistance to Europe’s current trajectory within European nations.”
Germany quickly hit back, saying that it does not need “outside advice.”
The strategy pointed to Europe’s lower share of the global economy — which is the result largely of the rise of China and other emerging powers — and said: “This economic decline is eclipsed by the real and more stark prospect of civilizational erasure.
“Should present trends continue, the continent will be unrecognizable in 20 years or less.”
As Trump seeks an end to the Ukraine war that would likely favor Russia gaining territory, the strategy accused Europeans of weakness and said the United States should focus on “ending the perception, and preventing the reality, of NATO as a perpetually expanding alliance.”
- Less on Middle East and Africa -
The strategy paid comparatively little attention to the Middle East, which has long consumed Washington.
Pointing to US efforts to increase energy supply at home and not in the oil-rich Gulf, the strategy said: “America’s historic reason for focusing on the Middle East will recede.”
The paper said it was a US priority for Israel to be secure, but stopped short of the fulsome language on Israel used even in the first Trump administration.
On China, the strategy repeated calls for a “free and open” Asia-Pacific region but focused more on the nation as an economic competitor.
After much speculation on whether Trump would budge on Taiwan, the self-ruling democracy claimed by Beijing, the strategy made clear that the United States supports the decades-old status quo, but called on allies Japan and South Korea to contribute more to ensure Taiwan’s defense from China.
The strategy predictably puts little focus on Africa, saying the United States should transition away from “liberal ideology” and an “aid-focused relationship” and emphasize goals such as securing critical minerals.
The national security paper, meant to flesh out Trump’s norms-shattering “America First” worldview, signals a sharp reorientation from longstanding US calls to refocus on Asia, although it still identifies China as a top competitor.
The strategy also brutally criticized allies in Europe and said that the United States will champion opponents to European Union-led values, including on immigration.
Breaking with decades of attempts to be the sole superpower, the strategy said that the “United States rejects the ill-fated concept of global domination for itself.”
It said that the United States would also prevent other powers from dominating but added: “This does not mean wasting blood and treasure to curtail the influence of all the world’s great and middle powers.”
The strategy called for a “readjustment of our global military presence to address urgent threats in our Hemisphere, and away from theaters whose relative import to American national security has declined in recent decades or years.”
The strategy speaks in bold terms of pressing US dominance in Latin America, where the Trump administration has been striking alleged drug traffickers at sea, intervening to bring down leftist leaders including in Venezuela, and loudly seeking to take charge of key resources such as the Panama Canal.
The strategy cast Trump as modernizing the two-century-old Monroe Doctrine, in which the then young United States declared Latin America off-limits to rival powers, then from Europe.
“We will assert and enforce a ‘Trump Corollary’ to the Monroe Doctrine,” it said.
- Championing Europe ‘resistance’ -
Trump has sharply reversed many longstanding US principles since returning to office in January.
He rose to political prominence demanding sweeping curbs on immigration to the United States, fanning fears that the white majority was losing its status, and since taking office has ordered drastic and high-profile raids to deport undocumented people.
“The era of mass migration must end. Border security is the primary element of national security,” the strategy said.
The strategy made clear that the United States under Trump would aggressively pursue similar objectives in Europe, in line with far-right parties that have made strong gains in much of the continent.
In extraordinary language in speaking of close allies, the strategy said: “Cultivating resistance to Europe’s current trajectory within European nations.”
Germany quickly hit back, saying that it does not need “outside advice.”
The strategy pointed to Europe’s lower share of the global economy — which is the result largely of the rise of China and other emerging powers — and said: “This economic decline is eclipsed by the real and more stark prospect of civilizational erasure.
“Should present trends continue, the continent will be unrecognizable in 20 years or less.”
As Trump seeks an end to the Ukraine war that would likely favor Russia gaining territory, the strategy accused Europeans of weakness and said the United States should focus on “ending the perception, and preventing the reality, of NATO as a perpetually expanding alliance.”
- Less on Middle East and Africa -
The strategy paid comparatively little attention to the Middle East, which has long consumed Washington.
Pointing to US efforts to increase energy supply at home and not in the oil-rich Gulf, the strategy said: “America’s historic reason for focusing on the Middle East will recede.”
The paper said it was a US priority for Israel to be secure, but stopped short of the fulsome language on Israel used even in the first Trump administration.
On China, the strategy repeated calls for a “free and open” Asia-Pacific region but focused more on the nation as an economic competitor.
After much speculation on whether Trump would budge on Taiwan, the self-ruling democracy claimed by Beijing, the strategy made clear that the United States supports the decades-old status quo, but called on allies Japan and South Korea to contribute more to ensure Taiwan’s defense from China.
The strategy predictably puts little focus on Africa, saying the United States should transition away from “liberal ideology” and an “aid-focused relationship” and emphasize goals such as securing critical minerals.
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