![]() The odds of a criminal prosecution have been seen as falling in recent months after Bragg allowed a grand jury to disband without bringing charges. Trump cited fear of prosecution in August when he refused to answer questions in a deposition with James, invoking his Fifth Amendment protection against self-incrimination more than 400 times. While James’ lawsuit is being pursued in civil court, Manhattan District Attorney Alvin Bragg has been working with James’ office on a parallel criminal investigation. James’ lawsuit comes amid a whirlwind of unprecedented legal challenges for a former president, including an FBI investigation into Trump’s handling of classified records and inquiries into his efforts to overturn the 2020 election. And she wants Trump and the Trump Organization from entering into commercial real estate acquisitions for five years, among other sanctions. She is also seeking payment of at least $250-million, which she said was the estimated worth of benefits derived from the alleged fraud. Trump’s figure is based on the idea that the property could be developed for residential use, but deed terms prohibit that. Trump applied similar fuzzy math to his Mar-a-Lago estate in Palm Beach, Florida, the lawsuit alleged, by valuing the private club and residence as high as $739-million – more than 10 times a more reasonable estimate of its worth. No apartment in New York City has ever sold for close to that amount, James said. Yakabuski: Would prosecuting Trump be worth the toll it would take on a fractured nation?įor example, according to the lawsuit, Trump claimed his Trump Tower apartment – a three-story penthouse replete with gold-plated fixtures – was nearly three times its actual size and valued the property at $327-million. It details dozens of instances of alleged fraud, many involving claims made on annual financial statements that Trump would give to banks, business associates and financial magazines as proof of his riches as he sought loans and deals.Ĭoyne: Donald Trump’s rendezvous with reality may be fast approaching In its 222 pages, the suit struck at the core of what made Trump famous, taking a blacklight to the image of wealth and opulence he’s embraced throughout his career – first as a real estate developer, then as a reality TV host on The Apprentice and later as president. ![]()
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March 2023
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