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Michael Cohen says lawsuit will sink the Trump Organization


https://sputniknews.com/20220923/michael-cohen-says-lawsuit-will-sink-trump-organization-1101111730.html

Michael Cohen says lawsuit will sink the Trump Organization

Michael Cohen says lawsuit will sink the Trump Organization

Donald Trump and the Trump Organization face legal challenges on multiple fronts. New York State Attorney General’s fraud lawsuit comes… 23.09.2022, Sputnik International

2022-09-23T02:26+0000

2022-09-23T02:26+0000

2022-09-23T02:26+0000

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Former Trump attorney Michael Cohen said he believes the civil fraud lawsuit filed against the Trump Organization will destroy the company. On Wednesday, New York Attorney General Letitia James announced the civil fraud trial after a three-year investigation into the Trump family and their businesses. He alleges that the Trump Organization has inflated and deflated property values ​​to mislead and lure investors, as well as to obtain tax breaks and loans. end the whole business. “James is asking the court to impose at least $250 million in penalties and a permanent ban on Trump and his family members from serving as officers or directors of a New York-based company. She also said she expects penalties to reach $750 million as the case exposes the full extent of the organization’s alleged crimes Cohen joined the Trump Organization in 2006 and served as the attorney former president’s personal from 2006 to 2018. pleaded guilty to several crimes, including tax evasion, misrepresentation to a financial institution and several other counts. In a separate case, also in 2018, he was found guilty of lying to the Senate and House Intelligence Committee.When the trial was announced Wednesday morning, James said his investigation began after Cohen testified before Congress about business practices. ales of the Trump Organization. When the trial was announced, James also said she had referred several alleged federal violations to the IRS and the U.S. Attorney’s Office for the Southern District of New York. Trump’s two sons, Eric Trump and Donald Trump Jr., blasted the investigation, calling it a witch hunt. Trump echoed those statements on his social media platform Truth Social, calling James “racist” and “perhaps the worst crime fighter in the nation.”

https://sputniknews.com/20220921/new-york-ag-files-lawsuit-against-trump-his-children-1101056680.html

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Donald Trump and the Trump Organization face legal challenges on multiple fronts. The fraud lawsuit filed by the New York State Attorney General comes with significant financial penalties.

Former Trump attorney Michael Cohen says he believes the civil fraud lawsuit filed against the Trump Organization will destroy the company.

On Wednesday, New York Attorney General Letitia James announced the civil fraud lawsuit after a three-year investigation into the Trump family and their businesses. He alleges that the Trump Organization has inflated and deflated property values ​​to mislead and lure investors, as well as to obtain tax breaks and loans.

Speaking on MSNBC’s “All In with Chris Hayes” on Wednesday night after the announcement, Cohen said the investigation was “will end the whole business.”

U.S. President-elect Donald Trump with his children Eric(L) Ivanka and Donald Jr. arrive for a news conference on January 11, 2017 at Trump Tower in New York City.  - Sputnik International, 1920, 21.09.2022

New York AG files lawsuit against Trump and his children

James is asking the court to impose at least $250 million in penalties and a permanent ban on Trump and his family members from serving as officers or directors of a New York-based company. She also said she expects the penalties to reach $750 million as the case exposes the full extent of the organization’s alleged crimes.

Cohen joined the Trump Organization in 2006 and served as the former president’s personal attorney from 2006 to 2018. In 2018, Cohen pleaded guilty to multiple crimes including tax evasion, making false statements to a financial institution and several other charges. In a separate case, also in 2018, he was found guilty of lying to the Senate and House Intelligence Committee.

When the trial was announced Wednesday morning, James said his investigation began after Cohen testified before Congress about the Trump Organization’s business practices.

“When [James] mentioned my name, I was obviously pretty thrilled, to be honest, because I’m finally getting recognition for what I’ve been screaming on top of the mountains for three and a half, four years,” Cohen said on MSNBC. “That is to say, the Trump organization is a criminal enterprise and I was thrown under the bus by dear old Donald.”

When the trial was announced, James also said she had referred several alleged federal violations to the IRS and the U.S. Attorney’s Office for the Southern District of New York.

Trump’s two sons, Eric Trump and Donald Trump Jr., blasted the investigation, calling it a witch hunt. Asset echoes these statements on his Truth Social social media platform, calling out James “racist” and “possibly the nation’s worst crime fighter.”



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