- The NY AG has rejected Trump’s offer to settle before she sues his company, the New York Times reports.
- Trump and at least one of his adult children may be named in the suit, which will allege fraud.
- Eric Trump signed many of the documents the AG is eyeing and has long been a target of her probe.
Money can’t buy him love from New York’s attorney general.
Letitia James has rejected at least one settlement offer from Donald Trump, the New York Times reported Thursday.
The unsuccessful negotiations, confirmed through one independent source by Insider, may now clear the way for her long-expected fraud lawsuit against the Trump Organization, the former president’s $3 billion real estate and golf resort company, which is headquartered in Manhattan.
Throughout her three-year inquiry into the business, James has alleged Trump repeatedly inflated or deflated the value of his properties on official documents used to secure hundreds of millions of dollars in bank loans and tax breaks over the past decade.
Barring any last-minute settlement deal, James is considering suing not only Trump, but at least one of his adult children, the Times reported.
Eric Trump, who signed many of the documents and negotiated some of the deals the AG is eyeing, has been described in court papers and proceedings as a target of James’ inquiry, as is his father.
Ivanka Trump and Donald Trump, Jr. have, like Eric Trump, served as executive vice presidents of their father’s company, but they have both so far been treated as witnesses in the inquiry.
The source who confirmed the Times report to Insider spoke on condition of anonymity because they were not authorized to discuss the negotiations. Lawyers for Trump and a spokesperson for James did not immediately respond to requests for comment.
Source: Business Insider