Trump Keeps Attacking This Statute In N.Y. Fraud Case—Here’s Why His Claims Lack Merit
The post Trump Keeps Attacking This Statute In N.Y. Fraud Case—Here’s Why His Claims Lack Merit appeared on BitcoinEthereumNews.com. Topline Former President Donald Trump continued his attacks on the civil fraud case against him in New York on Tuesday as he returned to the ongoing trial, including making claims that the case against him is “rigged” based on the statute it was brought under—which broadly gave state Attorney General Letitia James the power to prosecute Trump for alleged fraud. Former President Donald Trump speaks during his civil fraud trial at New York State Supreme Court on … [+] October 17 in New York City. Getty Images Key Facts James sued Trump, his business associates—including his sons—and the Trump Organization for alleged fraud under New York Executive Law 63(12), which empowers the attorney general to go to court against anyone who “engage[s] in repeated fraudulent or illegal acts or otherwise demonstrate[s] persistent fraud or illegality in the carrying on, conducting or transaction of business.” The statute allows the attorney general to ask a state judge to stop the business from continuing its activities and fraudulent acts, force the defendants to pay damages or other restitution and, if necessary, order business certificates to be canceled. Judge Arthur Engoron has already found Trump and his company violated 63(12) by fraudulently misstating the value of their assets on financial documents—though the trial is still moving forward on other claims—noting in his ruling the statute only required James to prove the Trump Organization’s statements of financial condition were “false and misleading” and that the company “repeatedly or persistently” used those statements to “transact business.” Trump—who opposes Engoron’s ruling and denies any wrongdoing or fraud—has attacked the statute since the civil fraud trial against him began, claiming the law is “VERY UNFAIR” because no victim is required and does not give him the right to a jury trial and falsely alleging Tuesday it’s “never been…
The post Trump Keeps Attacking This Statute In N.Y. Fraud Case—Here’s Why His Claims Lack Merit appeared on BitcoinEthereumNews.com.
Topline Former President Donald Trump continued his attacks on the civil fraud case against him in New York on Tuesday as he returned to the ongoing trial, including making claims that the case against him is “rigged” based on the statute it was brought under—which broadly gave state Attorney General Letitia James the power to prosecute Trump for alleged fraud. Former President Donald Trump speaks during his civil fraud trial at New York State Supreme Court on … [+] October 17 in New York City. Getty Images Key Facts James sued Trump, his business associates—including his sons—and the Trump Organization for alleged fraud under New York Executive Law 63(12), which empowers the attorney general to go to court against anyone who “engage[s] in repeated fraudulent or illegal acts or otherwise demonstrate[s] persistent fraud or illegality in the carrying on, conducting or transaction of business.” The statute allows the attorney general to ask a state judge to stop the business from continuing its activities and fraudulent acts, force the defendants to pay damages or other restitution and, if necessary, order business certificates to be canceled. Judge Arthur Engoron has already found Trump and his company violated 63(12) by fraudulently misstating the value of their assets on financial documents—though the trial is still moving forward on other claims—noting in his ruling the statute only required James to prove the Trump Organization’s statements of financial condition were “false and misleading” and that the company “repeatedly or persistently” used those statements to “transact business.” Trump—who opposes Engoron’s ruling and denies any wrongdoing or fraud—has attacked the statute since the civil fraud trial against him began, claiming the law is “VERY UNFAIR” because no victim is required and does not give him the right to a jury trial and falsely alleging Tuesday it’s “never been…
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