These 7 Trump Properties Are at the Center of New York’s Fraud Lawsuit

These 7 trump properties are at the center of new york’s fraud lawsuit

Bloomberg Quicktake: Now published this video item, entitled “These 7 Trump Properties Are at the Center of New York’s Fraud Lawsuit” – below is their description.

From his skyscrapers to golf resorts, Donald Trump allegedly manipulated the value of a range of assets that inflated his net worth for years and defrauded banks, insurance companies and the Internal Revenue Service, according to New York Attorney General Letitia James.

Her lawsuit filed Wednesday against Trump, three of his adult children and others provides more than 200 pages of details of what James described as a scheme that reaped about $250 million in benefits from lower interest rates on bank loans, favorable insurance rates and artificially low tax rates.

Trump said in an interview with Sean Hannity on Fox News Wednesday night that the Trump Organization had a “very powerful disclaimer” on all of its loan applications telling banks not to rely on the company’s appraisals.

Bloomberg Quicktake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

North Korea Ballistic Missile Triggers Rare Japanese Warning Sirens

Elon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ Plan

North Korea Fires Missile Over Japan for First Time Since 2017

In This Story: Donald Trump

Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

5 Recent Items: Donald Trump

Trump lawyer declines to say if materials were returned to National Archives

Trump files defamation lawsuit against CNN

Trump sues CNN for defamation – alleges they compared him to Hitler | The World

Donald Trump sues CNN for defamation – BBC News

Lawyer refused Trump instruction to tell Archives all records had been returned

In This Story: New York

New York is a state in the northeastern U.S., known for New York City and towering Niagara Falls. NYC’s island of Manhattan is home to the Empire State Building, Times Square and Central Park. The Brooklyn Bridge connects Manhattan with the borough of Brooklyn. The iconic Statue of Liberty stands in New York Harbor. To the east, Long Island has beaches, the Montauk Lighthouse, the ritzy Hamptons and Fire Island.

1 Recent Items: New York

‘Bloomberg Surveillance: Early Edition’ Full (10/04/22)

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.