Trump Organization assets should be frozen, New York attorney general asks court
Tish James warned the state Supreme Court that Trump might be shifting his assets outside of the New York — and the reach of its courts.
NEW YORK — Attorney General Tish James asked a state court Thursday to freeze the Trump Organization’s New York assets and install an independent monitor in her civil suit targeting the former president and his real estate business.
James alleged last month a years-long scheme to fraudulently overvalue the Trump Organization’s portfolio by billions of dollars. And on Thursday, she warned the state Supreme Court that Trump might be shifting his holdings outside of the New York — and the reach of its courts.
“Since we filed this sweeping lawsuit last month, Donald Trump and the Trump Organization have continued those same fraudulent practices and taken measures to evade responsibility,” she said in a statement. “Today, we are seeking an immediate stop to these actions because Mr. Trump should not get to play by different rules.”
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In the new court papers, James says Trump incorporated a new “Trump Organization LLC” in Delaware on Sept. 15, then registered the company with New York as “Trump Organization II LLC” on the day her lawsuit was filed on Sept. 21.
James’ suit seeks monetary penalties up to $250 million and an order blocking Trump from real estate transactions in New York for five years — moves that could doom his unraveling empire. But she now says his lawyers won’t assure her that Trump’s not moving assets out of state in advance.
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New York AG Tish James asked a state court to freeze the Trump Organization’s assets in the state and install an independent monitor in her civil suit targeting Trump and his real estate business https://t.co/KS09q0gyig
— POLITICO (@politico) October 13, 2022
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