Donald Trump and his company could face a range of stiff penalties if a court sides with New York’s attorney general in a sprawling fraud lawsuit filed against the former president Wednesday
NEW YORK — — Donald Trump and his company could face a range of stiff penalties if a court sides with New York's attorney general in a sprawling fraud lawsuit filed against the former president Wednesday.
For now, the Republican isn't at risk of going to jail. The lawsuit brought by Attorney General Letitia James seeks civil penalties only for what she said was a decade of illicit attempts by Trump to mislead lenders, lower his insurance rates or reduce his taxes. Trump's legal team contends that his financial practices were normal in the real estate industry and that James is waging an unfair political vendetta. His company has noted that some of the lenders that James alleges might have been deceived by Trump's financial statements profited richly from the loans they gave to him.
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