New York AG Letitia James imposed a $354 million fine on Donald Trump for fraud, but there is no legal precedent for such a case.
James had pledged to pursue Trump as AG and filed suit before the 2018 midterms.
While she alleged Trump inflated asset values on loan forms, banks did due diligence and Trump paid all loans.
No victims existed.
A Democrat judge issued a summary judgment before Trump’s defense and oversaw determining penalties, including banning Trump from business for 3 years.
Trump wrote, “This Election Interference and tyrannical Abuse of Power by a Crooked Judge and Crooked Attorney General cannot be tolerated. My case was already won in the Appellate Division, and more than 80% of the frivolous claims were wiped out. Yet, as I suspected, and in order to hurt me and the Republican Party politically, Crooked and Corrupt Judge Arthur Engoron ignored his loss at the Appellate Division, and came up with an outrageous $355 Million Dollar fine against me.”
“Using a statute that has never been applied like this before, the Corrupt Judge conspired with the Crooked Attorney General, Letitia James, and punished a liquid and beautiful Corporate Empire that started in New York, and has been successful all around the world,” explained the former president.
“There were no victims, and not one person testified there was any fraud. The actual witnesses established my Net Worth exceeded that reported in my Financial Statements as those Statements never included my most valuable Asset – the TRUMP Brand. The Highly Respected Expert Witness said my Financial Statements were among the best he has ever seen. I paid over $300 Million Dollars in taxes to New York City and State, and they want me gone,” alleged Trump.
“They are Crazed Lunatics who are destroying everything in their way. It all starts with Biden’s attacks on his Political Opponent!” he exclaimed.
Trump explained, “The actual bankers who were involved in the loan transactions testified I was a highly sought-after ‘whale’ of a client with ‘one of the strongest personal balance sheets’ they had ever seen, and I was overqualified for the loans.”
“Those banks earned more than $100 Million Dollars in profits doing business with me and my companies. But to justify his crazed attack on me and my family, this biased, Trump Hating Judge, ignored all this, and even said Michael Cohen told the truth, although Cohen admitted to lying hundreds of times, and lied right in front of the Judge during the trial.”
Trump concluded, “This shocking and corrupt Interference in the Free Markets for political gain places every New York business transaction at risk. We must make sure Corrupt Politicians and Judges cannot continue to abuse the power of their office, and violate the public trust. We have already won, and will continue the fight on appeal!”
An AP analysis found no similar case dissolved a company without victims or losses.
James appears to have held Trump to different standards than the law typically requires.
Trump plans to appeal on grounds the case interfered with free markets for political aims without cause, citing testimony that he was a valued client and paid substantial NYC taxes.
Most Popular:
Explosive Testimony Released From Hunter Biden’s Business Partner
Democrat Slams Lack of Respect For ‘Black National Anthem’
