Trump to appeal judge’s decision to appoint real estate controller
Former President Donald Trump and his adult children said Monday they would appeal a judge’s decision to appoint a monitor to oversee their family real estate business.
Trump’s notice of appeal to the Appellate Division, First Department comes days after Manhattan Supreme Court Justice Arthur Engoron ruled in favor of the New York State Attorney General , Leticia James, in her motion to put safeguards on the Trump Organization’s business dealings.
James’ office is suing Trump’s company, its owners and senior executives for $250 million in a sweeping civil lawsuit alleging widespread fraud.
The September lawsuit, which stems from a three-year investigation, accuses Trump Organization leaders of routinely lying to banks, lenders and tax authorities about the value of assets like skyscrapers and land. golf to reap financial rewards.
The fraud allegedly extended to Trump’s net worth, which James says the former president exaggerated by “billions”. In its watchdog application, the AG’s office accused the company of continuing to employ fraudulent business tactics since the complaint was filed.
Engoron asked the attorneys for the Trumps and the AG to provide him with a list of possible candidates to keep the company by Nov. 10. His order prohibits the Trumps from changing corporate structure or transferring assets out of state without court approval, among other things. limitations.
Engoron’s decision noted the likelihood of James’ trial succeeding on its merits. He said Trump’s attorneys had failed to submit “one iota of evidence” rebutting the AG’s “comprehensive showing of persistent fraud” in the company.
Trump, who condemned the litigation in broad terms as part of a “witch hunt” led by the Democrats, sought unsuccessfully to have Engoron removed from the case. His attorneys described the allegations outlined in the lawsuit as common practice in the real estate industry.
The one-term president, who has heavily hinted at a second run for the White House, filed suit against James last week in Florida.
The lawsuit closely mirrors a dismissed lawsuit he previously filed in New York and seeks to block the AG from exercising oversight over the Donald J. Trump Revocable Trust.
James’ case parallels a criminal case brought by the Manhattan District Attorney currently on trial. Proceedings were temporarily adjourned last week after the first witness, corporate comptroller Jeff McConney, tested positive for COVID-19 while testifying.