{"id":2141836,"date":"2024-01-05T20:18:02","date_gmt":"2024-01-06T01:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ag-james-seeks-370m-from-donald-trump-after-civil-fraud-trial\/"},"modified":"2024-01-05T20:20:26","modified_gmt":"2024-01-06T01:20:26","slug":"ag-james-seeks-370m-from-donald-trump-after-civil-fraud-trial","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ag-james-seeks-370m-from-donald-trump-after-civil-fraud-trial\/","title":{"rendered":"NY AG James seeks $370M from Trump post civil fraud trial"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fag-james-seeks-370m-from-donald-trump-after-civil-fraud-trial%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2141836&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City. (Photo by Michael M. Santiago\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/sophia-flores\">Sophia \u200bFlores<\/a><br \/>5:17 \u2063PM \u2013\u2062 Friday, January 5, 2024<\/h2>\n<p>New York Attorney \u2064General Letitia James is \u2064demanding that Donald J. Trump pay a staggering $370 million in penalties for \u2062what she claims is decades of financial fraud. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>When James first sued Trump in the fall of 2022, she asked the \u200cjudge to penalize him with $250 million for inflating his net \u2064worth to secure\u2063 better loans from banks. However, \u200dshe has now increased the amount\u2063 to $370 million, believing that he acquired all\u200b his wealth unlawfully during the trial.<\/p>\n<p>The fraud\u2063 trial began in October 2023 and concluded last month. <\/p>\n<p>Although the proceedings have ended, the\u200d former president&#8217;s \u200clegal fate remains unknown. \u200dClosing arguments\u2064 will be presented to the\u200c trial judge, Arthur Engoron, next week.<\/p>\n<p>In addition to seeking the large sum from Trump, James is also fighting to prevent him and his sons from conducting any further business\u200b in The Empire State.<\/p>\n<p>Trump&#8217;s lawyer, Christopher M. Kise, responded to the \u200cbrief on Friday, calling the new amount &#8220;unconscionable, unsupported by the evidence, untethered from reality, and unconstitutionally excessive.&#8221;<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;Every single \u2063member of \u2062the New York business community, \u2064no matter the sector, should be gravely concerned with this gross \u2063overreach\u2064 and brazen attempt by the attorney general to exert limitless power where no private \u2064or public harm has ever been established,&#8221; a Trump\u2062 Organization spokeswoman said.<\/p>\n<\/blockquote>\n<p>Trump maintains that his assets \u2062were genuinely valued and denies any\u2062 misconduct, stating\u200b that Disclaimers were included in his financial statements. He has \u2064also requested the banks to review the figures.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox \u200bfor free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In a major blow to Biden&#8217;s Green New Deal, a massive\u200c offshore wind project off\u200c the coast of New York has \u2064been canceled. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>On January 22nd, Politico and USC are hosting \u2062a senate debate with only four candidates.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The monthly jobs\u2063 report for December, released today, reveals that U.S.\u200c employers\u200c added 216,000 jobs last month, surpassing expectations of\u2062 170,000.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>It has been 90 days since the 10\/7 massacre, rape,\u200d and kidnapping of women and children in Israel, with\u200b hostages still being held in Gaza. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>SpaceX sued a U.S. labor board to block\u200c its case accusing the \u2063company of illegally firing employees calling CEO Elon Musk\u2064 &#8220;a distraction and embarrassment.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>ChatGPT was well on\u2064 its way to becoming a \u2064household name even before 2023 kicked off.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Apple fell nearly 3% to a seven-week \u2064low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin galloped past $45,000 for the\u200c first time since April \u20622022, buoyed by optimism around the possible approval of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-st-kicks-off-2024-on-a-dull-note-as-yields-rise-apple-dips\/\" title=\"Wall Street starts 2024 on a lackluster note with rising yields and Apple's decline\">exchange-traded spot bitcoin funds<\/a>.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What are the arguments made by \u200bsupporters and critics regarding James&#8217;s pursuit of penalties against Trump?<\/h2>\n<p><span>  Ignore the \u200csubpoena and \u2063not release any financial records to the Attorney General&#8217;s office.<\/p>\n<p>If the judge agrees to the $370 \u2062million penalty, it could have significant consequences\u2064 for\u2062 Trump&#8217;s finances. It would be a\u200b substantial blow to his net worth\u200c and could further tarnish\u200b his reputation. Additionally, \u2064being \u200bbarred from conducting \u200cbusiness\u2064 in New York would limit his ability\u200d to engage in \u2064real estate\u200d deals and other ventures in one of the country&#8217;s most lucrative markets.<\/p>\n<p>James&#8217;s \u200dpursuit of Trump has been seen by some as a political vendetta, \u200das she has been a \u2064vocal critic of the former \u200cpresident. This has led to speculation about\u2064 the motives behind her \u2064aggressive approach\u200c in \u2062seeking penalties. Critics argue that it is part\u2062 of a broader effort to\u200b undermine Trump \u2064and hamper any potential \u200cpolitical ambitions he \u200cmay have in the \u200dfuture.<\/p>\n<p>On the \u2064other hand, supporters of James \u200dargue that\u200b she is simply fulfilling her \u200dduty as Attorney \u2062General by holding Trump\u200c accountable for \u2062his alleged fraudulent activities. They believe that no one should be \u200cabove \u2064the law, regardless of their political status.<\/p>\n<p>The case has\u2064 attracted significant attention, not\u200b only for its potential impact on Trump but also for the broader implications it has for financial fraud\u2064 and accountability. If \u200bJames is successful in \u200bher pursuit of the $370 million penalty, it\u2064 would send \u2062a strong message that even powerful individuals are not\u200d immune to\u2063 legal consequences.<\/p>\n<p>As the trial moves forward and the judge reviews the \u200barguments, the\u200b outcome of this \u200bcase remains uncertain. It will undoubtedly \u2064shape the future of Trump&#8217;s legal \u2064battles and could have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/young-americans-must-lead-the-way-in-opposing-additional-covid-shutdowns\/\" title=\"Young Americans Must Lead The Way In Opposing Additional COVID Shutdowns\">long-lasting effects<\/a> on the perception of his business practices.<\/p>\n<p>Regardless of the final decision, this case \u200dhighlights the importance of \u2062transparency and accountability in the \u200bfinancial\u2064 sector. It serves\u2064 as a reminder that individuals who engage in fraudulent activities will eventually face the consequences, no matter how powerful they may\u2062 be.<\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York AG Letitia James demands payment from Donald J. Trump<\/p>\n","protected":false},"author":1209,"featured_media":2141837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2141836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2141836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2141836"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2141836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2141837"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2141836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2141836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2141836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}