Donald Trump lawsuit: How AOC inadvertently sparked the New York attorney general’s Trump lawsuit

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New York Attorney General Letitia James on Wednesday announced a $250 million civil lawsuit against former President Donald Trump, specifically citing testimony from former Trump attorney Michael Cohen in 2019 in which he revealed that the former president fraudulently inflated the value of his assets.

“I will remind everyone that this investigation did not begin until after Michael Cohen, a former attorney, his former attorney testified before Congress to shed light on this misconduct,” she said.

The question that prompted Cohen’s response came in 2019 from James’s New York colleague, Democratic Representative Alexandria Ocasio-Cortez.

In 2019, Mr. Cohen testified against his predecessor before the House Oversight and Government Reform Committee. At the time, Ms. Ocasio-Cortez, who the year before beat former House Democratic Caucus Chairman Joe Crowley in New York’s 14th District primaries, raised questions about whether Trump had lent bloated assets to an insurance company.

Mr. Cohen replied, “Yes.” When I asked Ms Ocasio-Cortez who else knows Mr Trump did this, he said: “Allen Weisselberg, Ron Lieberman and Matthew Calamari.”

The lawsuit also named Mr. Lieberman, the former chief financial officer of the Trump Organization. Specifically, he said Mr Weisselberg helped Mr Trump make false financial statements regarding his holdings.

“Mr. Trump has declared through Mr. Weisselberg that he wants to increase his net worth in his statements every year, and the statements have been the means by which his net worth has been fraudulently inflated by billions of dollars year after year,” James’ office said. in the current situation.

“And where can the commission find more information on this, do you think we need to review his financial statements and his tax returns,” she said.

“Yes, and you’ll find it at the Trump Organization,” Cohen said.

The lawsuit alleges that Mr. Trump fraudulently inflated his net worth by millions of dollars so that banks could lend him and his companies money on more favorable terms that would not have otherwise been available.

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