The suit, more than 220 pages long, details alleged efforts by Mr Trump to inflate his personal net worth to get better loan agreements while also deflating his worth to gain better tax benefits - and could effectively be a 'death penalty' for his organisation.
The suit, more than 220 pages long, details alleged efforts by Mr Trump to inflate his personal net worth to get better loan agreements while also deflating his worth to gain better tax benefits - and could effectively be a"death penalty" for his organisation.Donald Trump and three of his children have been served with a lawsuit alleging"years of bank, tax and insurance fraud".
New York attorney general Letitia James is suing the former US president, his family, and the Trump Organisation. If successful, it could halt Mr Trump's ability to do business in the state for years - and even includes a referral for possible federal prosecution.The suit, more than 220 pages in length, details alleged efforts byto inflate his personal net worth to attract favourable loan agreements while also deflating his worth and holdings to gain better tax benefits.
It also named the former president's sons Donald Trump Jr and Eric, and his daughter Ivanka Trump as defendants. Ms James is asking a court to bar Mr Trump and his children from serving as officers or directors in any New York business.
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