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New York Attorney General Letitia James has asked a state court on Thursday to block the Trump Organization from moving its assets from Manhattan to an entity in Delaware and continuing «it’s decade long fraud» which her earlier law suit alleged that former President Donald Trump and three of his adult children were involved in to enrich themselves.
James filed a motion for a preliminary injunction Thursday, telling the judge: «In short, there is every reason to believe that the defendants will continue to engage in similar fraudulent conduct right up to trial unless checked by order of this court.»
The Attorney General’s office wants to block the Trump Organization from transferring assets to any entities without court approval because it felt that the same day that it announced its $250 million lawsuit against the former President and his company, the Trump Organization incorporated a new entity in Delaware, Trump Organization II LLC. The state says the Trump Organization has not provided any assurances that it will not move assets out of New York to avoid potential liability, CNN reported.
Trump has sought to move the case from the current judge assigned in the case, and to the commercial division. The Attorney General’s office has opposed the move.
James’ office filed a $250 million lawsuit last month, against Trump, his three eldest children and the Trump Organization alleging they used fraudulent financial statements to obtain favourable rates of insurance and loans and tax benefits.
