Former US President Trump caught in legal trouble, allegation – fraud to take loan and pay less tax

Washington. Former US President Donald Trump is in trouble. He, his three children and his family company The Trump Organization have been charged with fraud. After investigation, he is accused of giving false information about his immovable property to take loans and pay low taxes. Prosecutors say the Trump Organization committed fraud several times between 2011-21. However, Trump dismissed the lawsuit as an act of retaliation.

Significantly, in this case, along with former President Donald, his sons Donald Jr., Ivanka, Eric Trump, two of his officers Alan Weiselberg and Jeffrey McConny have been made defendants. This case is three years old. It has been filed by senior counsel and New York Attorney General Letitia James. In a statement, James said senior officials of the Trump Organization and Trump’s children, along with Donald Trump, proved themselves to be prosperous and betrayed the system. He wrongly told his wealth to increase by billions of rupees. He said that Trump had given the price of his apartment in Trump Tower at $327 million, while no apartment in New York City has ever been sold for this price.

what’s in the lawsuit
The 222-page document accuses Trump and his organization of lying about hotels, golf courses, and other assets. So that, you can take more loan and have to pay less tax. In the span of a decade, Trump and his family made nearly 200 false or misleading statements. The cost of development of some properties and some estates were inflated to get maximum tax exemption. Each statement was personally attested by Donald Trump, his son Donald Jr. or former Trump Organization economic expert Allen Wesselberg. The Trump family benefited from this plan of about $ 250 million, which the government wants to recover.

The lawyer said this thing
New York Attorney General Letitia James said that when resourceful people violate the law in this way, it reduces resources for ordinary people, small businessmen and all taxpayers. James has asked the court to prevent the former president and his children from serving as directors or officers in any business in New York. He also says that the Trump Organization should be banned for five years for dealing in real estate business.

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