'He perfected the art of the steal': Letitia James speaks out after Trump hit with verdict
In the wake of winning a more than $350 million judgment against Donald Trump this Friday in her business fraud case against him, New York Attorney General Letitia James celebrated the verdict in a post to social media, and summarized its key details.
"In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself," the post from her office's official X account read. "Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest."
"Trump, Allen Weisselberg, and Jeff McConney are banned from serving as an officer or director of any New York company for three years," she continued. "Weisselberg and McConney are banned for life from serving in any financial role at a New York company."
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"Donald Trump, Jr. and Eric Trump are banned from serving as an officer or director of any New York corporation for two years," she wrote. "Trump and the Trump Organization are banned from applying for loans from any New York financial institution for three years."
James went on to say that an independent monitor has been installed at the Trump Org and will "continue to oversee its financial dealings and ensure they stop their staggering fraud."
"When powerful people cheat to get better loans, it comes at the expense of hardworking people. Everyday Americans cannot lie to a bank to get a mortgage, and if they did, our government would throw the book at them. There simply cannot be different rules for different people," James wrote.
"For years, Donald Trump engaged in massive fraud to unjustly enrich himself, his family, and his organization. He may have authored 'The Art of the Deal,' but he perfected the art of the steal. Now, he is finally facing the consequences of his illegal actions."