New York Attorney General Letitia James (D) asked the judge in former President Donald Trump’s civil fraud case to impose a $370 million fine on the former president on Friday.
In Friday’s court filing ahead of closing remarks James accused Trump, his business, and several top executives — including his adult sons — of using “myriad deceptive schemes” to falsely inflate his net worth by billions.
“The conclusion that defendants intended to defraud when preparing and certifying Trump’s (statements of financial condition) is inescapable,” reads the state’s post-trial brief.
In addition to paying the $370 million penalty, James also asked the judge to issue a lifetime ban on the former president and two top executives from doing real estate business in New York.
In their post-trial brief, Trump’s counsel repeated claims they made at trial — that banks wanted to work with the Trump Organization, did their due diligence and found no fraud.
“Errors or misstatements happen all the time in accounting, if there are no indicia of fraud such as concealment, forgery, or deceit, then there is no basis to determine that these SFCs are fraudulent, and any misstatements are just accidental errors,” the defense brief states.
Trump’s adult sons, Donald Trump Jr. and Eric Trump, also defendants in the case, urged the judge to dismiss the case against them. They claimed the attorney general failed to show they had “anything more than a peripheral knowledge or involvement in the creation, preparation or use” of their father’s financial statements.
“The record evidence and testimony adduced at trial conclusively establishes that the SFCs were prepared, in their entirety, by others at the company working in conjunction with the company’s long time outside accountants,” their lawyer, Clifford Robert, wrote in their joint post-trial brief.