Friday 23 September 2022

tortious acts (10. 160)

Whilst not the competent authority for an arraignment, the office of the New York attorney general has announced that the Trump family syndicate, at the conclusion of the a three-year investigation, are facing a civil lawsuit over rank fraud by grossly exaggerating the worth of their assets and property over at least the past decade in order to get preferential treatment from banks and take on more loans in order to lessen their tax liabilities. Among over two hundred cited examples of this inflation to increase the net-worth of their portfolio through alleged misleading of accountants, underwriters and insurers the case includes the Trump’s valuation of $740, 000, 000 for his estate and resort Mar-a-Lago whereas it has been appraised (generously) at less than a tenth of that amount and more than trebling the square-footage of his Manhattan penthouse, and the most expensive in the borough. Among other things, the suit seeks to prohibit the family from conducting business activities within the court’s jurisdiction. This legal development comes as a higher court vacates the earlier ruling and allows investigative proceedings to continue using the classified material discovered in Trump’s Florida residence. Regarding this new development and violation of the Presidential Records Act, Trump maintains that he had the prerogative to mentally declassify documents.