Fox News Contributor and George Washington University law professor Jonathan Turley said Democratic Attorney General Letitia James of New York is trying to end the Trump Organization with her civil suit.
Former President Donald Trump is in a fight to save his New York business empire after James brought a civil fraud trial against the former president. James is demanding that Trump pay a fine of $250 million. The Democrat AG also wants Trump’s license to do business in New York revoked.
Turley, in an interview with Fox Business host Larry Kudlow, said James was pursuing such “breathtaking” penalties because she is trying to end the Trump organization.
“You’ve got this New York law that allows James to proceed against Trump even though no one lost any money, even though banks didn’t complain, and on that basis, she’s asking for a nuclear option,” Turley said. “She is basically trying to end the role of the corporation of New York, taking away certificates and imposing a quarter of a billion dollars in damages for money that was not lost.”
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Business Insider: Deutsche Bank executives practically swooned over Donald Trump’s real estate fortune, according to internal documents made public by the defense in his New York civil fraud trial. Trump was seen as a… pic.twitter.com/1H4cmQzJZ2
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Deutsche Bank executives on Tuesday testified that its partnership with Trump’s organization boosted its revenue from $13,000 in 2011 to $6 million in 2013. The bank executives also noted that its decision to cut Trump’s net worth from $4.2 billion to $2.4 billion was not an issue when it granted a loan for a Miami-area golf course.
Trump mounts strong defense in trial already lost. Deutsche Bank did due diligence for the loans. It made the loans. Trump paid the loans. Bank made big profit. Executives were happy, wanted more Trump business. Now NY AG seeks 'corporate death penalty.' https://t.co/o9Q4UOfiqk
— Byron York (@ByronYork) November 30, 2023
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Deutsche Bank Senior Executives state Trump had one of “the strongest personal balance sheets we have seen and totally unlike any of our major RE developer clients,”
Trump represents “a great… pic.twitter.com/G7GdAzBux3
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“So these guys get on the stand and they said, look, you know, estimates differ. You don’t rely on those estimates,” Turley continued. “You rely on your own estimates, but they also said we made money here and then we tried to get more loans with the Trumps. They described Trump as being a whale client, someone you really want and the disconnect of that testimony with what James is seeking is really breathtaking. Look, there does appear to me to be estimation problems from the Trump side, but I can’t find any case like this. Justice is about consistency and proportionality. I can’t even find a case that comes close to what James is trying to do here.”