New York judge refuses to dismiss attorney general’s 0 million fraud lawsuit

New York judge refuses to dismiss attorney general’s $250 million fraud lawsuit

New York judge refuses to dismiss attorney general’s 0 million fraud lawsuit

New York Attorney General Letitia James’ $250 million lawsuit against Donald Trump alleging fraudulent business practices will continue, a judge ruled on Friday, lambasting arguments by Trump’s legal team to dismiss it as “frivolous”.

James filed a lawsuit in September against Trump, the Trump Family Organization, his three oldest adult children who have served as corporate executives, and his chief financial officer Allen Weisselberg. The case is to be heard from October.

The lawsuit accuses the Trumps and the Trump Organization — which operates real estate, golf and hospitality businesses — of intentionally lying to lenders and insurers about the value of the former president’s assets in order to secure favorable loan terms. and reduce insurance premiums.

If successful, the lawsuit could cripple the company’s ability to do business in New York.

Trump and his attorneys have denied any wrongdoing, and the former president has accused James of launching a politically biased “witch hunt” against him.

In rejecting the decision to dismiss the case, New York Supreme Court Justice Arthur Engoron on Friday chastised Trump’s team for the “frivolous” action.

Trump’s attorney, Alina Habba, said in a statement that the decision would be appealed.

Engoron wrote that “sophisticated defense attorneys should have known better” than to make baseless arguments that had already been dismissed in previous motions. One of those chestnuts already dismissed was the “witch hunt” claim, Engoron wrote.

“The reading of these arguments was, to quote baseball sage Lawrence Peter (“Yogi”) Berra, ‘Deja vu again,'” Judge wrote.

Engoron also rejected a separate attempt by Ivanka Trump, who is named as a defendant in James’ lawsuit, to dismiss the charges against her.

James responded in a statement after Engoron’s ruling: “Once again, Donald Trump’s attempts to evade the law have been defeated.”

She added: “We sued Mr. Trump because we found he engaged in years of extensive financial fraud to enrich himself and cheat the system.” The decision “makes it clear that Donald Trump is not above the law and must answer for his actions in court,” James noted.

If the lawsuit goes ahead as planned in October, it would come as Trump runs for president again in the 2024 election.

The lawsuit refers to the Trump Organization’s business practices as constituting “staggering” fraud. James called these actions the “art of theft,” a reference to the famous Trump ghost-penned book “The Art of the Deal.”

Trump, meanwhile, remains under criminal investigation by Manhattan District Attorney Alvin Bragg, who is examining his firm’s practices regarding how assets were valued for loans and insurance.

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