Thursday, October 13, 2022

They know him

New York Attorney General Letitia James is seeking a preliminary injunction as part of her $250 million civil lawsuit against former President Donald Trump to stop what she says is his ongoing fraudulent conduct.

On the same day last month that James filed the lawsuit accusing Trump, his three eldest children, and two corporate executives of "staggering" fraud that she claims "grossly inflated" Trump's net worth, the Trump Organization quietly registered a new entity, Trump Organization II, according to a new court filing Thursday.

Investigators suspect that Trump could move assets from his family real estate business to the new entity in an attempt to evade liability posed by the lawsuit, according to the attorney general's motion for a preliminary injunction.

  ABC
I'm surprised he hasn't already done it.
Thursday's filing also made clear James is concerned that Trump and the other defendants could be using the same alleged "fraud and misrepresentation" as they prepare Trump's financial statements for the current year. For example, the filing claims that Trumps' current valuation for his Mar-a-Lago estate still does not account for restrictions on the use of the property, and that Trump continues to treat $93 million held in a partnership with Vornado Realty Trust as his own cash.

[...]

James is also seeking the appointment of an independent monitor to oversee the Trump Organization's submission of financial information to accountants, lenders and insurers, "to enjoin Defendants from transferring to non-party affiliates or otherwise disposing of assets without Court approval," the filing said.

[...]

In Thursday's motion, James said that nearly a month after she filed her suit, the former president and his son Eric have refused to accept service of the lawsuit. She sought permission to serve them electronically.
He simply will not stop until someone stops him.

UPDATE:  Story at the New York Times:



No comments: