N.Y. AG calls for $370M fine against Trump and lifetime ban from real estate industry
Share- Nishadil
- January 06, 2024
- 0 Comments
- 1 minutes read
- 12 Views
New York Attorney General Letitia James is calling for a $370 million fine against former President Donald Trump and his companies and a lifetime ban for him and two of his former company executives from the real estate industry in the state. Attorneys from James's office requested the punishment in post trial motions filed Friday in the Trump fraud case.
They said that Trump owes $168 million of interest allegedly saved through fraud; $152 million from the sale of the Old Post Office building in Washington, D.C., the site of one of Trump's hotels; $60 million through the transfer of the Ferry Point Golf Course contract; and $2.5 million from severance agreements for former Trump Organization chief financial officer Allen Howard Weisselberg and ex Trump Organization controller Jeff McConney.
James also called for lifetime bans for Trump, Weisselberg and McConney from participation in the real estate industry as well as from serving as officers or directors in New York corporations or entities. The attorney general also asked for five year bans for Trump's eldest sons, Donald Trump Jr.
and Eric Trump, with the same conditions. This is a breaking news story. Please check back for updates..
Disclaimer: This article was generated in part using artificial intelligence and may contain errors or omissions. The content is provided for informational purposes only and does not constitute professional advice. We makes no representations or warranties regarding its accuracy, completeness, or reliability. Readers are advised to verify the information independently before relying on
