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Ex-Prosecutor: Looks Like Trump Ran ‘Fraud Business With A Sideline In Real Estate’

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A former prosecutor said the findings of the Recent York attorney general’s probe into Donald Trump’s business dealings are “insane,” and he predicts there “really isn’t loads of room for him to wiggle his way out of this.”

“It really looks just like the Trump family was running a fraud business with a sideline in real estate, versus the opposite way around,” commentator Tristan Snell, a former Recent York assistant attorney general who worked on the Trump University case, said on MSNBC.

Recent York Attorney General Letitia James announced Wednesday that she filed a civil lawsuit against Trump and his three eldest children, Donald Trump Jr., Ivanka Trump and Eric Trump, over an assortment of alleged financial crimes, following a years-long investigation.

She’s in search of to bar them from conducting business within the state, make them pay about $250 million in restitution and limit their access to lending.

Trump allegedly inflated the worth of his assets to persuade banks to lend to the Trump Organization on more favorable terms while also deflating the worth of assets in other instances so he could pay less in taxes.

“That is insane. The disparities that we’re talking about here will not be just 10%. It’s not rounding up,” Snell noted. “It’s not saying, ‘Oh, you already know, that is value 147 million, we’re gonna say it’s value 150 million.’ No, no, no, no, no, no. This was 1,000% greater. 3300% greater.”

“If any of us did this, we wouldn’t just be answerable for fraud, we’d be headed for jail,” he continued. “This is able to be the equivalent of an American saying that the appraisal says your own home is value $300,000. And then you definitely turn around and say, ‘Oh, it’s actually value 30 million. It’s actually value 100 million.’ And considering you’re gonna get away with that.”

During her news conference Wednesday, James offered several examples of false or misleading asset valuations utilized in Trump’s statements out of what she said was a complete of greater than 200.

In a single instance, James said, an asset in Recent York City was listed as being value over 60 times what an appraiser had valued it at. And Mar-a-Lago, Trump’s Florida resort, was estimated to be value $75 million, but its value was inflated to as high as $739 million, James said.

In line with Snell, Trump doesn’t have much to go on as a defense, especially after he invoked his Fifth Amendment protection against self-incrimination in response to almost every query he was asked when he was interviewed by James’ office.

“The undeniable fact that he pled the Fifth to 440 different questions implies that he doesn’t really have any legs to face on here because anything that he might say in defense, the AG’s office goes to give you the option to say, ‘Well, you already principally admitted to it.’”

When someone invokes their Fifth Amendment protection against self-incrimination in a criminal trial, a jury cannot infer guilt based on the defendant’s silence. Nevertheless, in a civil case, the judge or jury can draw a negative conclusion concerning the intent behind the plea.

“It really cuts off the escape hatch there,” Snell said. “There really isn’t a complete lot of room for him to wiggle his way out of this.”

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