NY Attorney General Concludes Fraud Case Against Trump
Kevin O'Leary, Shark Tank Host, Argues Practices Trump Accused of Are Common in Real Estate
- New York Attorney General Letitia James has concluded her case against Donald Trump, accusing him of years of financial fraud to enrich himself and his family.
- James is seeking a $370 million fine against Trump and his companies, and a lifetime ban on him and two of his former company executives from the real estate industry in New York.
- The case alleges that Trump inflated the worth of his assets to secure loans with favorable interest rates, a practice that Kevin O'Leary, a host on ABC's Shark Tank, argues is common in real estate.
- O'Leary believes the case against Trump will not survive appeal, questioning who was victimized if all loans were paid back.
- The trial began in early October, with both sides presenting closing arguments on January 11, and a decision is expected in the following weeks.