New York Attorney General Letitia James dropped a legal bombshell, presenting compelling evidence that suggests Ivanka Trump was fully aware of her father’s alleged involvement in financial fraud.
The courtroom was left in shock as Attorney General James unveiled a series of damning emails, revealing a strategic move by Ivanka to lower the net worth requirement for Donald Trump in connection with a Deutsche Bank loan.
Attorney General James stated, “The evidence presented today is a critical juncture in our case, exposing a level of awareness that goes beyond mere speculation. These emails provide a unique insight into the dynamics of the financial dealings under scrutiny.”
The core of the revelation lies in an email where Ivanka Trump purportedly proposed a reduction in her father’s required net worth from $3 billion to $2 billion for him to personally back the Deutsche Bank loan.
The final loan agreement, as outlined by Attorney General James, stipulated a minimum net worth of $2.5 billion for Donald Trump, a significant drop from the initial bank requirement.
The email in question, presented in court, stands as a tacit admission that Ivanka Trump was cognizant of her father’s alleged over-inflation of his net worth.
At the time of the loan application, Donald Trump declared a net worth of $4.2 billion on the statement of financial condition.
Attorney General James underscored that this alleged fraud had broader consequences, influencing the loan rates that Donald Trump obtained. An expert witness for the prosecution estimated Trump’s “ill-gotten gains” from the fraud at a staggering $168 million.
The ramifications of these revelations extend beyond the ongoing $250 million civil fraud trial. The exposed evidence now raises the specter of potential criminal liability for both Ivanka and Donald Trump. Attorney General James hinted at the possibility of criminal charges, further intensifying the legal battleground surrounding the Trump family.
As the trial unfolds, these revelations cast a shadow over the Trumps, adding a new layer of complexity to the legal challenges they face.