Wednesday, September 28, 2022

New York attorney rejects Trump’s settlement offer

Mr Trump’s business may suffer a severe blowback should the matter proceed to trial and his team loses.

• September 15, 2022
Former U.S. President Donald Trump
Former U.S. President Donald Trump

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

Adams Oshiomhole Photo Credit Channels

Politics

Oshiomhole says Buhari “huge electoral asset” to Tinubu after detaching campaign from regime’s failures

Mr Oshiomhole said Mr Buhari will garner support for the APC presidential candidate across the country.

Bola Ahmed Tinubu [Credit: BAT]

Heading 2

2023: Tinubu warns Nigerians against voting ‘another mistake’ into power

Mr Tinubu urged the people to be “wise and discerning” as they prepared to choose the country’s next president, in the 2023 general election.

Karim Benzema

Sport

I want more, Benzema says after picking hattrick awards in one day 

Benzema won the La Liga Santander Pichichi Trophy, Di Stefano Trophy and the Hyundai Supporters’ MVP Trophy.

Tinubu Support Group

Politics

Tinubu, Shettima absent as support groups flag off APC presidential campaign in Abuja

Majority of Tinubu Support Organisations thronged the venue in their numbers bearing all manners of placards and banners.

Hot news Home top

Trigger-happy naval operatives open fire on journalist, humanitarian workers on Ondo waterways

The journalists and the officials were on their way from a free medical outreach in the riverine communities when they were attacked at Odofado.

Atiku Abubakar (Credit: AA)

Politics

Atiku calls for unity among PDP stakeholders for success in 2023

He promised to address Nigeria’s numerous challenges, if eventually elected as Nigeria’s president in 2023.