Judge Dismisses Trump Suit Against New York AG Over Fraud Investigation

Breaking Business Judge Dismisses Trump Suit Against New York AG Over Fraud Investigation Nicholas Reimann Forbes Staff I cover national politics, with a focus on Donald Trump. May 27, 2022, 12:13pm EDT | Share to Facebook Share to Twitter Share to Linkedin Topline A federal judge Friday dismissed a lawsuit former President Donald Trump brought against New York Attorney General Letitia James (D) in an attempt to block her investigation into potential financial fraud by the Trump Organization, delivering yet another legal loss to the ex-president. Then-President Donald Trump holds a joint news conference with Lebanese Prime Minister Saad Hariri .

. . [+] in the Rose Garden at the White House on July 25, 2017, in Washington.

(Photo by Chip Somodevilla/Getty Images) Getty Images Key Facts Trump filed the lawsuit in December, arguing James’ investigation into his business practices violated his constitutional rights. The ruling comes one day after a New York state judge ordered Trump and his two oldest adult children, Donald Jr. and Ivanka, to testify as part of the probe.

It’s unclear if Trump plans to appeal the ruling from District Judge Brenda Sannes, who is an Obama administration appointee. Attorneys representing the former president and the Trump Organization did not immediately respond to a request for comment from Forbes , but Trump has repeatedly called the AG’s probe a “witch hunt. ” Key Background James’ office began its probe into Trump and his business empire in 2019, after former Trump attorney Michael Cohen told Congress the then-president and his business associates regularly misstated the value of assets.

The investigation is focused on whether the Trump Organization inflated the value of assets to lenders to secure loans, while undervaluing them to tax authorities to cut its tax bills. James’ investigation is a civil probe that could lead to a lawsuit against Trump, but the district attorneys of Manhattan and Westchester County, New York, are leading criminal probes into similar allegations of financial fraud. Big Number $110,000.

That’s how much Trump paid in fines to James’ office last week to lift a contempt ruling against him for refusing to comply with a subpoena requesting Trump Organization tax records, among other documents. Trump’s attorneys claimed he did not possess the documents James requested. Tangent Trump is at the center of dozens of investigations and lawsuits, such as a criminal probe in Fulton County, Georgia, looking into his attempts to overturn the 2020 election results .

Find a complete review of active cases involving the ex-president here . Further Reading Trump Sues New York AG Letitia James Over Business Investigation (Forbes) Trump Must Testify In New York Financial Fraud Probe, Court Says (Forbes) Trump Investigation Heats Up In Georgia As DA Convenes Grand Jury—Here’s What Happens Next (Forbes) Tracking Trump: A Rundown Of All The Lawsuits And Investigations Involving The Former President (Forbes) Trump Pays $110,000 Fine Required To Lift Contempt Ruling, New York AG Says (Forbes) Follow me on Twitter . Send me a secure tip .

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