Trump legal referral despatched to prosecutors and IRS by Letitia James
New York Legal professional Normal Letitia James speaks throughout a press convention concerning former US President Donald Trump and his household’s monetary fraud case on September 21, 2022 in New York.
Yuki Iwamura | AFP | Getty Photographs
New York Legal professional Normal Letitia James mentioned Wednesday her workplace believes it has uncovered federal crimes by former President Donald Trump and others, together with financial institution fraud and mendacity to monetary establishments.
James mentioned her workplace has despatched a legal referral to federal prosecutors in Manhattan and the IRS.
The revelation of attainable federal crimes by the previous president got here as James introduced a civil lawsuit accusing Trump, three of his grownup youngsters and a few of his longtime enterprise associates of submitting years of fraudulent monetary statements with the intention to obtain varied monetary advantages.
“We imagine the conduct alleged on this motion additionally violates federal legal regulation,” James mentioned, “together with issuing false statements to monetary establishments and financial institution fraud.”
“We’re referring these legal violations that now we have uncovered to america Legal professional for the Southern District of New York, and the Inner Income Service,” James mentioned at a press convention.
The 220-page civil lawsuit, filed earlier Wednesday in Manhattan Supreme Court docket, seeks at the least $250 million in damages. It seeks to completely bar Trump, Donald Trump Jr., Eric Trump and Ivanka Trump from serving as an officer of an organization in New York, and completely prohibit the Trump firms named within the go well with from doing enterprise within the state.
The defendants “repeatedly and persistently manipulated the worth of property to induce banks to lend cash to the Trump Group on extra favorable phrases” than would have in any other case been out there, James mentioned Wednesday morning. They did this “to pay decrease taxes,” in addition to fulfill mortgage agreements and get insurance coverage firms to comply with extra useful phrases, James mentioned.
The seven causes of motion listed within the criticism — persistent and repeated fraud, falsifying enterprise data, conspiracy to falsify enterprise data, issuing false monetary statements, conspiracy to falsify false monetary statements, insurance coverage fraud, and conspiracy to commit insurance coverage fraud — all fall underneath the New York penal code.
“We’re conscious of the New York Legal professional Normal’s referral, and past that decline to remark additional,” a spokesman for the Manhattan federal prosecutors’ workplace advised NBC Information.
Alina Habba, an legal professional for Trump, in an announcement Wednesday accused James of submitting the civil lawsuit to advance her “political agenda.”
“It’s abundantly clear that the Legal professional Normal’s Workplace has exceeded its statutory authority by prying into transactions the place completely no wrongdoing has taken place,” Habba mentioned.
“We’re assured that our judicial system won’t stand for this unchecked abuse of authority, and we look ahead to defending our shopper towards each one of many Legal professional Normal’s meritless claims,” she mentioned.