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Trump, adult children sued by New York attorney general for fraud

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Trump, adult children sued by New York attorney general for fraud

NEW YORK, Sept 21 (Reuters) – Former U.S. President Donald Trump and his grownup youngsters had been sued on Wednesday for what New York state’s lawyer basic referred to as quite a few acts of fraud and misrepresentation, accused of misstating the values of actual property properties to acquire favorable loans and tax advantages.

The lawsuit, filed in a New York state courtroom in Manhattan, accused the Trump Group of wrongdoing in getting ready Trump’s annual statements of monetary situation from 2011 to 2021. It additionally named as defendants the Trump Group – a household firm that manages lodges, golf programs and different actual property around the globe – in addition to the previous president’s sons Donald Trump Jr. and Eric Trump and his daughter Ivanka Trump.

Legal professional Basic Letitia James, a Democrat, stated her workplace uncovered greater than 200 examples of deceptive asset valuations, and the criticism talked about 23 property that she referred to as “grossly and fraudulently inflated.”

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Trump in a social media publish referred to as the lawsuit, one of many greatest authorized blows for the Republican businessman-turned-politician since he left workplace in January 2021, “one other Witch Hunt” and launched a private assault on James. Trump is contemplating working for president once more in 2024.

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The lawsuit was civil, that means it didn’t contain felony prices. However James stated she was referring allegations of felony wrongdoing to federal prosecutors in Manhattan and the Inside Income Service for investigation.

“The sample of fraud and deception that was utilized by Mr. Trump and the Trump Group for their very own monetary profit is astounding,” James instructed a information convention.

“Claiming that you’ve got cash that you just wouldn’t have doesn’t quantity to the ‘artwork of the deal,’ it is the artwork of the steal,” James stated, referring to the title of a 1987 guide written by Trump.

The lawsuit accused Trump of inflating his internet price by billions of {dollars} to induce banks to lend cash to his firm on extra favorable, to fulfill persevering with mortgage phrases, to coax insurers to offer protection for greater limits at decrease premiums, to realize tax advantages and different functions.

James is looking for to completely bar Trump and his three youngsters named as defendants within the case from serving as an officer or director in any New York company, prohibit Trump and the Trump Group from getting into into any industrial actual property acquisitions in New York for 5 years and award disgorgement of all monetary advantages gained fraudulently – estimated to whole $250 million. learn extra

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James stated her workplace rejected settlement presents submitted by the defendants, however stated “our doorways are at all times open” for future negotiations.

The Trump Group has individually been charged with felony tax fraud by the Manhattan District Legal professional’s workplace and is getting ready for an Oct. 24 trial. Its former chief monetary officer Allen Weisselberg – who can be named as a defendant in James’ swimsuit – has pleaded responsible and is anticipated to testify in opposition to the corporate. learn extra

‘DISASTERS OF THE WORLD’

Following the information convention by James, Trump on social media disparaged her integrity.

“She is a fraud who campaigned on a ‘get Trump’ platform, although the town is without doubt one of the crime and homicide disasters of the world below her watch!” Trump wrote.

(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the bottom breaking of the Trump Worldwide Resort on the Previous Publish Workplace Constructing in Washington, July 2014. REUTERS/Gary Cameron

James opened the civil investigation into Trump’s enterprise practices after Michael Cohen, Trump’s former lawyer and fixer, stated in congressional testimony that the president inflated some asset values to save cash on loans and insurance coverage.

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“The Legal professional Basic’s Workplace has exceeded its statutory authority by prying into transactions the place completely no wrongdoing has taken place,” Alina Habba, a lawyer for Trump, stated in an announcement, calling the accusations “meritless.”

Wednesday’s lawsuit adopted a contentious investigation during which James accused Trump, his firm and a few members of the family of utilizing delay techniques to disregard subpoenas and keep away from testifying.

Trump on Aug. 10 declined to reply questions in a closed-door deposition on the workplace of the lawyer basic, invoking his proper in opposition to self-incrimination below the U.S. Structure’s Fifth Modification greater than 400 instances.

Donald Trump Jr. and Ivanka Trump agreed to sit down for depositions solely after courts required it. Eric Trump invoked his Fifth Modification rights greater than 500 instances in a 2020 deposition. learn extra

Among the many properties James cited as examples within the lawsuit was Trump’s personal condo in Manhattan’s Trump Tower.

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James stated Trump stated the condo was 30,000 sq. ft, when in reality it was solely 10,996 sq. ft, and that its $327 million valuation in 2015 was “absurd” since no New York Metropolis condo had bought for $100 million on the time.

She additionally stated Trump valued his Mar-a-Lago property in Florida as excessive as $739 million by pretending it could possibly be developed for residential use, when he knew there have been restrictions. James stated Mar-a-Lago ought to have been valued nearer to $75 million.

James additionally goals to bar Trump and his firm from borrowing from state-licensed banks for 5 years.

She acknowledged that Trump, who now lives in Florida, might attempt to transfer his firm or borrow elsewhere, however that might not excuse him from his obligations in New York.

“There can’t be totally different guidelines for various individuals on this nation or state, and former presidents are not any totally different,” James stated.

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Trump has been beset with authorized troubles. The FBI carried out a search at Mar-a-Lago on Aug. 8 as a part of a felony investigation into his dealing with of presidential information together with labeled materials. learn extra

Trump additionally faces a felony investigation in Georgia over his efforts to overturn the 2020 election outcomes. learn extra

He has denied wrongdoing within the varied probes.

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Reporting by Jonathan Stempel, Karen Freifeld and Luc Cohen in New York; Enhancing by Will Dunham and Alistair Bell

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Our Requirements: The Thomson Reuters Belief Rules.

Luc Cohen

Thomson Reuters

Experiences on the New York federal courts. Beforehand labored as a correspondent in Venezuela and Argentina.

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Condolences pour in from allies and neighbours as Iran mourns Ebrahim Raisi

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Condolences pour in from allies and neighbours as Iran mourns Ebrahim Raisi

Iran’s allies and neighbours have sent condolences to Tehran following the death of President Ebrahim Raisi, with the leaders of China, Russia, Venezuela and Turkey among the first to respond.

Reaction in western capitals was more muted, underscoring the Islamic republic’s divisive position in global politics, but France and the EU offered their condolences.

Iranian authorities had confirmed on Monday that Raisi and Iran’s foreign minister Hossein Amirabdollahian were killed in a helicopter crash on the previous day in a remote region in Iran’s Arasbaran Forest, near the border with Azerbaijan.

Russian President Vladimir Putin was swift to express his country’s sorrow. He praised Raisi’s “invaluable personal contribution to growing friendly relations between our countries”, adding that his Iranian counterpart had been crucial in forging a “strategic partnership” between Moscow and Tehran.

The two countries have backed the regime of President Bashar al-Assad in Syria’s more than decade-long civil war. They also have deepening military ties, with Iran providing Russia with drones and munitions for its war in Ukraine.

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Assad on Monday mourned the “painful incident and the great loss that resulted from it”.

China’s President Xi Jinping had sent a message expressing “deep sorrow on behalf of the Chinese government and people”, Beijing’s foreign ministry said. Raisi had made “significant contributions to maintaining Iran’s security and stability” and his death “deprived the Chinese people of a good friend”, Xi said.

“China will continue to support the Iranian government and people in maintaining independence, stability and development,” the statement added.

Along with Russia and China, Iran is an important ally for Venezuela as Caracas struggles to rebuild the country’s oil industry amid US sanctions. President Nicolás Maduro said he and his wife Cilia were “overwhelmed by great sadness at having to bid farewell to an exemplary person, an extraordinary world leader”.

Condolences also flooded in from across the so-called axis of resistance, a network of Iran-backed regional proxies that includes Hizbollah, Hamas, Yemen’s Houthis and the Shia militias in Iraq. 

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Hizbollah said Raisi “was to us a big brother, a strong supporter, a staunch defender of our causes . . . and a protector of the resistance movements”. It also mourned the death of Amirabdollahian, calling him a “dear brother”.

Hamas conveyed its “deepest condolences and solidarity” and mourned “the immense loss”, praising the deceased Iranian officials for their steadfast support of the Palestinian cause and resistance against Israel.

Arab states, which have a history of fraught ties with Iran, also expressed sympathy. Saudi Crown Prince Mohammed bin Salman and Sheikh Mohammed bin Zayed, president of the United Arab Emirates, were among regional powers that offered their condolences.

Saudi Arabia and the UAE have sought to de-escalate tensions with Iran in recent years.

The strong signals of support from Iran’s allies and neighbours contrasted with the subdued reaction from western capitals. Iran has endured hostile relations with the US and other western nations since the 1979 Islamic revolution. Tensions with the west have heightened over Tehran’s military support for Putin since Russia’s invasion of Ukraine and since the war between Israel and Hamas erupted after the Palestinian militant group’s October 7 attack last year.

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Iran considers Israel and the US to be its leading foes, and last month launched its first-ever direct attack on the Jewish state in response to an Israeli strike on an Iranian consulate in Damascus. Iran is also the target of swingeing and long-standing economic sanctions by the US and EU, among others related to its nuclear programme.

Western capitals and Israel will be considering the consequences for Iran’s future leadership, as Raisi was widely considered a possible successor to the country’s 85-year-old supreme leader, Ayatollah Ali Khamenei.

Israeli Prime Minister Benjamin Netanyahu’s government did not immediately give a public response to news of Raisi’s death, but opposition leader Yair Lapid said: “Iran will enter a period of instability — the strategic relations between [the US and Israel] are more important than ever.”

The White House and US state department also did not immediately issue an official response. Chuck Schumer, US Senate majority leader, said only that he had been told by US intelligence agencies that there was no evidence of foul play, NBC reported.

European Council president Charles Michel said the EU “expresses its sincere condolences for the death of President Raisi and foreign minister Amirabdollahian”.

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The French foreign ministry said France “expressed its condolences” to Iran and the families of the victims.

In Italy, Prime Minister Giorgia Meloni said: “We are in constant contact with our European and G7 allies because we are talking about an incident that is part of a particularly complex regional framework.”

She added: “I hope that the future Iranian leadership wants to commit itself to the stabilisation and pacification of the region.”

Elsewhere in the Middle East, Lebanon declared three days of mourning after Raisi’s death.

Turkey, which like the UAE has recently sought rapprochement with Tehran, also offered its condolences. “As a colleague who personally witnessed his efforts for the peace of the Iranian people and our region during his time in office, I remember [Raisi] with respect and gratitude,” said Turkish President Recep Tayyip Erdoğan.

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Reporting by Adam Samson, Maxine Kelly, Chloe Cornish, Neri Zilber, Max Seddon, Amy Kazmin, Raya Jalabi, Michael Stott and Joe Leahy

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City of Kyle falls short of ‘Kyle’ world record

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City of Kyle falls short of ‘Kyle’ world record
City of Kyle falls short of ‘Kyle’ world record – CBS Texas

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Hundreds of Kyles conveined this weekend in the City of Kyle, Texas in attempt to break a world record. Unfortunately, they fell a bit short.

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Taiwan’s new president takes office with call for peace with China

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Taiwan’s new president takes office with call for peace with China

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Taiwan’s new president, Lai Ching-te, has called on Beijing to work with him to achieve peace and common prosperity rather than menace his country as he was sworn into office amid high tensions across the Taiwan Strait.

China should “stop its verbal attacks and military intimidation . . . shoulder global responsibilities together with Taiwan, commit to maintaining peace and stability across the Taiwan Strait and in the region and ensure that the world is free from the fear of war,” Lai said in his inaugural address on Monday.

Lai appealed to Beijing to engage with Taiwan’s democratically elected government, calling for the resumption of mutual tourism exchanges and programmes bringing Chinese students to Taiwan.

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Senior officials in Lai’s incoming government said the pledge to resume exchanges was a concrete gesture of goodwill. The Chinese government has blamed Taiwan for an almost complete breakdown in cross-Strait interaction, though Taipei insists that Beijing has hindered a resumption of programmes.

The Chinese Communist party claims that Taiwan is part of China and threatens to use force to bring it under its control if Taipei resists unification indefinitely. It has denounced Lai as a “dangerous separatist”, rhetoric even more hostile than its rejection of his predecessor, Tsai Ing-wen.

As he sought to reassure the US, Lai invoked much of the language that Tsai — whose prudent China policy drew plaudits abroad — used to describe Taiwan’s status and its relationship with Beijing.

Lai pledged that his government would “neither yield nor provoke, and maintain the status quo” across the Taiwan Strait and “uphold the four commitments” made by Tsai, including sticking to the country’s free and democratic constitutional system.

Other commitments are that the Republic of China — Taiwan’s official name — and the People’s Republic of China should not be subordinate to each other; to resist annexation or encroachment upon Taiwan’s sovereignty; and to ensure that the country’s future must be decided in accordance with the will of the Taiwanese people.

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“Since the future of the two sides of the Strait has a decisive impact on the global situation, we . . . will be the helmsmen of peace,” Lai said.

Lai also called on Beijing to acknowledge the existence of the ROC, another phrase borrowed from Tsai. Founded on the mainland, the ROC has persisted in Taiwan after it was defeated in China’s 1949 Communist revolution.

But he added his own note on national identity, saying: “No matter if [it is] the Republic of China, Republic of China Taiwan or Taiwan, these names [that] we ourselves or our international friends call our country all resonate and shine the same.”

Although the CCP refuses to recognise the ROC, Chinese leaders are even more alarmed by references to “Taiwan”, which are often interpreted as a signal of support for Taiwanese independence.

“Lai’s statement that prosperous coexistence should be a common goal for the two sides echoes Beijing’s recent call for him to choose between peaceful development or confrontation,” said Danny Russel, vice-president for international security and diplomacy at the Asia Society Policy Institute.

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But his pledge to neither yield nor provoke while maintaining the status quo is “certain to fall flat with Beijing”, added Russel, who was an assistant secretary of state under US president Barack Obama. “There is virtually nothing that Lai could have said, short of ‘unconditional surrender’, that would satisfy Beijing.”

Lai also faces attempts by opposition parties to expand the powers of the legislature — in which he lacks a majority — and weaken security legislation. On Monday he urged his domestic rivals to avoid political gain at the cost of national interests.

He pledged to expand Taiwan’s global role by leveraging its strength in the semiconductor industry and committed to making the country’s economic growth more inclusive and strengthening social security.

US secretary of state Antony Blinken said that Washington looked forward to “working with President Lai and across Taiwan’s political spectrum to advance our shared interests and values, deepen our long-standing unofficial relationship and maintain peace and stability across the Taiwan Strait”.

Japan’s chief cabinet secretary Yoshimasa Hayashi called Taiwan an “extremely crucial partner and important friend” in congratulatory remarks that expressed hopes of further deepening their relationship.

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