The legal and financial stakes in the civil lawsuit that New York Attorney General Letitia James filed against former President Donald Trump and his family are high – $250 million high.
James' court filing argues that's what Trump must pay for a 10-year scheme"that grossly inflated" his personal net worth by billions of dollars and then used the higher values"to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available."
"I don't think it's unlikely at all that a New York jury would require him to pay $250 million in penalties," said Taking the fifth conflicted with past statements in which Trump suggested that only organized crime figures refused to answer questions under oath. Engoron was the judge who required Trump to be questioned under oath in a deposition during James' three-year investigation before the civil lawsuit was filed. He also issued a contempt order against Trump and required the former president to pay $110,000 for failure to provide records demanded by James. Engoron later lifted the contempt finding.
She wrote that the arguments by James' team appeared aimed at circumventing the court's judicial assignment system in order to"judge shop."
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