New York attorney rejects Trump’s settlement offer
New York attorney general Letitia James has rejected a settlement offer by lawyers to Donald Trump in a fraud investigation of the ex-president’s organisation.
The Trump Organisation now stands the risk of being sued following the three-and-a-half years’ investigation launched by Ms James.
Ms James had been investigating Mr Trump and his organisation over allegations that the ex-president was deliberately inflating the values of his assets to fraudulently benefit from tax cuts, bank loans and insurance deals.
Describing the investigation as politically motivated and violating of his constitutional rights, the controversial ex-president had tried to fight off Ms James inquiry in a legal battle that ended unsuccessfully for his organisation.
Mr Trump’s business may suffer a severe blowback should the matter proceed to trial and his team loses, as the court could impose stiff sanctions such as revoking his corporate charter, a document that permits him to operate his business in New York.
Mr Trump could also be asked to return all the funds allegedly received as proceeds of fraud should he lose at trial.
Meanwhile, Ms James also mulls suing Mr Trump’s children Ivanka, Eric and Donald Trump Jr., who are all senior executives at the Trump organisation.
The erstwhile president, not a stranger to investigation, is currently being investigated for keeping classified government documents in his personal home. F.B.I had raided Mr Trump’s home and found sensitive documents in his possession.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Naira loses 5.3% against dollar at official market
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,317.00 and N1,000.00 against the dollar.
World
Germany has world’s highest leadership approval rating; Russia lowest: Report
Germany boasts of a 60 per cent leadership approval rating, a significant increase from 2023 approval ratings, which stood at 46 per cent.
Showbiz
Sexual Assault: Appeal Court reserves judgment as Baba Ijesha challenges conviction
Baba Ijesha, in his notice of appeal marked CA/LAG/CR/544/23, asked the appellate court to set aside the lower court’s judgment.
Sport
Goals rain as Arsenal demolish miserable Chelsea to keep title hope alive
The Gunners easily tore through Chelsea’s defence line, scoring 5 to set a new record against London rival.
Politics
Ganduje lauds Ododo for ‘good job’ in Ondo APC governorship primary
Mr Ganduje gave the commendation when he received the state governorship primary election committee report from Mr Ododo in Abuja on Tuesday.
States
Fire guts office of Governor Soludo’s aide
A part of the office of the special adviser to Anambra governor on political matters, Alex Obiogbolu, was gutted by fire on Tuesday.