NEW YORK: New York’s attorney general says a judge doesn’t need to wait until an October trial in her civil lawsuit against former President Donald Trump to rule that he committed fraud while building his real estate empire.
In court papers made public Wednesday, Attorney General Letitia James urged Judge Arthur Engoron to issue an immediate verdict endorsing her claim that Trump and his company defrauded banks and business associates by lying on financial statements about his wealth and the value of his assets.
Engoron has scheduled a Sept. 22 hearing on James’ request. Her lawsuit, which seeks $250 million in penalties and a ban on Trump doing business in New York, is scheduled to go to trial Oct. 2 in state court in Manhattan. Even if Engoron rules on the fraud claim, he would still preside over a non-jury trial on other claims in the lawsuit if it is not settled.
Messages seeking comment were left with Trump’s lawyers and a spokesperson for his company, the Trump Organization. Trump, the frontrunner for the Republican nomination in next year’s presidential election, has claimed the lawsuit is part of a “politically motivated Witch Hunt” led by James and other Democrats.
James’ lawsuit, involving allegations about Trump’s pre-presidential life as a businessman, is one of many legal headaches he faces as he seeks a return to the White House.
Trump has been indicted four times in the last five months — accused in Georgia and Washington, D.C., of plotting to overturn his 2020 election loss, in Florida of hoarding classified documents, and in Manhattan of falsifying business records related to hush money paid on his behalf. Some of Trump’s criminal trials are scheduled to overlap with the busy presidential primary season.
To rule, Engoron needs only to answer two questions, James’ office argued: whether Trump’s annual financial statements were false or misleading, and whether he and the Trump Organization used those statements while conducting business transactions.
“The answer to both questions is a resounding ‘yes’ based on the mountain of undisputed evidence” in the case, James’ special litigation counsel Andrew Amer said in a 100-page summary judgment motion.
Based on that, Amer argued, no trial is required to determine that Trump, the Trump Organization, and other defendants, “presented grossly and materially inflated asset values” in the financial statements and then used those statements “repeatedly in business transactions to defraud banks and insurers.”
“At the end of the day this is a documents case, and the documents leave no shred of doubt that Mr. Trump’s (statements of financial condition) do not even remotely reflect the ‘estimated current value’ of his assets as they would trade between well-informed market participants,” Amer wrote.
Two of Trump’s children who have worked as company executives, Donald Jr. and Eric Trump, are also named as defendants in the lawsuit, along with other high-level Trump Organization officials. Messages seeking comment were left with their lawyers.
Trump’s daughter, Ivanka Trump, was initially named as a defendant, but a state appeals court dismissed her from the case in June after determining that allegations against her were barred by the state’s statute of limitations.
James sued Trump in September 2022, alleging he and his company lied for at least a decade on annual statements of financial interest he provided to banks, insurers and others. The statements padded Trump’s net worth by billions of dollars and misled banks, insurers and others about the value of assets like golf courses, hotels and his Mar-a-Lago estate in Florida, James said. She dubbed the alleged scheme “The art of the steal,” riffing on the title of Trump’s 1987 memoir, “The Art of the Deal.”
In seeking summary judgment on the fraud claim, James’ office pointed to evidence that shows Trump inflated his net worth by up to 39 percent, or more than $2 billion, in some years. James’ office said Trump’s “blatant and obvious deceptive practices” included wildly overstating the size and value of his homes in Florida and New York, marking up the value of unsold condominiums and rental space, and claiming he could do more with certain land that allowed — like building more homes on his Scottish golf course that the local government had approved.
Trump answered questions in the lawsuit for seven hours at James’ office in April, a reversal from a deposition last year, before the lawsuit was filed, where he refused to answer all but a few procedural questions. At that earlier deposition, Trump invoked his Fifth Amendment protection against self-incrimination more than 400 times.
Trump is not expected to testify in court, but video recordings of Trump’s depositions could be played.
New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump
https://arab.news/ypqc4
New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump
- James’ lawsuit, involving allegations about Trump’s pre-presidential life as a businessman, is one of many legal headaches he faces as he seeks a return to the White House
Text messaging scammers stole $2m in cryptocurrency from victims, says NY lawsuit
- Scammers used unsolicited text messages to target people looking for remote work
- Victims were told to review products online in order to help generate “market data”
NEW YORK: Scammers stole millions of dollars in cryptocurrency from people seeking remote work opportunities as part of an elaborate scheme, according to New York’s attorney general.
Attorney General Letitia James said Thursday that she’s filed a lawsuit in order to recover more than $2 million that she said was stolen from New Yorkers and others around the country.
James said the unknown network of scammers used unsolicited text messages to target people looking for remote work.
They told victims that the job involved reviewing products online in order to help generate “market data,” James’ office said. But in order to begin earning money, victims were told they had to open cryptocurrency accounts and had to maintain a balance equal to, or greater than, the price of the products they were reviewing.
The victims were assured they would get their investments back plus commission, but the funds simply went into the scammers’ crypto wallets, James’ office said. The product reviews were also conducted on a website set up as part of the scheme.
The suit cites seven victims, identified by pseudonyms, residing in New York, Virginia and Florida. One New York victim lost over $100,000, according to the suit. A Florida woman lost over $300,000.
“Deceiving New Yorkers looking to take on remote work and earn money to support their families is cruel and unacceptable,” she said in a statement. “Scammers sent text messages to New Yorkers promising them good-paying, flexible jobs only to trick them into purchasing cryptocurrency and then stealing it from them.”
James’ suit seeks to return the stolen funds.
Queens District Attorney Melinda Katz said her office’s cryptocurrency unit traced over $2 million in stolen crypto and identified the digital wallets where the coins were being held. Then, working with James’ office, they were able to have the currency frozen until they could be returned to victims.
“Work scams that prey on those seeking legitimate employment not only rob victims of their hard-earned money but also shatter their trust in the job market,” she added.
UK finance minister seeks ‘pragmatic’ relations with China to boost trade
- Rachel Reeves is seeking to revive high-level economic and financial talks that have been frozen since 2019
- China is Britain’s fourth-largest trading partner, accounting for goods and services trade worth almost $138 billion
BEIJING: British finance minister Rachel Reeves said on Saturday during a visit to Beijing that she intended to have “pragmatic” relations with Chinese leaders to boost exports to the world’s second-largest economy.
Under pressure from market turmoil at home, Reeves is seeking to revive high-level economic and financial talks that have been frozen since 2019.
She joins the UK-China Economic and Financial Dialogue meeting in Beijing with Chinese Vice Premier He Lifeng on Saturday, before traveling to Shanghai, accompanied by Bank of England Governor Andrew Bailey and other finance leaders.
She is due to discuss financial services, trading ties and the importance of cooperation on issues like climate change, the Treasury said.
Her appearance offers a chance to persuade investors that she has plans to deal with a sharp increase in British government borrowing costs, due in part to a global bond selloff which threatens to derail her budget plans.
“The fiscal rules that I set out in my budget in October are non-negotiable and growth is the number one mission of this government to make our country better off,” Reeves told reporters after visiting a Brompton bicycles shop in Beijing.
“That’s why I’m in China to unlock tangible benefits for British businesses exporting and trading around the world to ensure that we have greater access to the second-largest economy in the world.”
Reeves’ visit follows a dialogue opened last year between Prime Minister Keir Starmer and President Xi Jinping, the first between the two countries’ leaders since 2018.
The approach taken by the Labour government, elected in July, contrasts with the previous Conservative administration which took a robust approach to differences with China — particularly over human rights, Hong Kong and allegations of Chinese espionage.
Asked on Thursday if Reeves would raise human-rights issues, Starmer’s spokesperson said her visit would fit with London’s stance that it would take a strategic approach to China and challenge it “robustly” when necessary.
Starmer has long described his desire to build a relationship with China that is “rooted in the UK’s national interests” by boosting trade, a task that may become more difficult if US President-elect Donald Trump follows through on his threat to impose tariffs on all imports.
Asked whether Britain would follow Washington and Brussels in imposing tariffs on Chinese electric vehicles, Reeves said: “We keep issues under review but we make decisions in our national interest.”
British car manufacturers “like Jaguar and Land Rover export substantially to Chinese markets, and we want to help them to grow.”
China is Britain’s fourth-largest trading partner, accounting for goods and services trade worth almost 113 billion pounds ($138 billion).
2024 was the hottest year on record, scientists say
- C3S confirms first year above 1.5C since pre-industrial times
- Climate change impacts, severe weather visible globally
- Political will to curb emissions wanes despite rising climate disasters
BRUSSELS, Belgium: Global temperatures in 2024 exceeded 1.5 Celsius above the pre-industrial era for the first time, bringing the world closer to breaching the pledge governments made under the 2015 Paris climate agreement, scientists said on Friday.
The World Meteorological Organization confirmed the 1.5C breach, after reviewing data from US, UK, Japan and EU scientists.
“Global heating is a cold, hard fact,” United Nations Secretary-General António Guterres said in a statement. “There’s still time to avoid the worst of climate catastrophe. But leaders must act – now.”
The bleak assessment came as wildfires charged by fierce winds swept through Los Angeles, with 10 people dead and nearly 10,000 structures destroyed so far. Wildfires are among the many disasters that climate change is making more frequent and severe.
The European Union’s Copernicus Climate Change Service (C3S) said climate change was pushing the planet’s temperature to levels never before experienced by modern humans. Scientists have linked climate change to greenhouse gas emissions, mainly from burning fossil fuels.
The planet’s average temperature in 2024 was 1.6 degrees Celsius higher than in the 1850-1900 pre-industrial period, C3S said. The last 10 years are the 10 hottest years on record, the WMO said.
Climate change is worsening storms and torrential rainfall, because a hotter atmosphere can hold more water, leading to intense downpours. Atmospheric water vapor reached a record high in 2024, and the US National Oceanic and Atmospheric Administration said it was the third-wettest year on record.
In 2024, Bolivia and Venezuela suffered disastrous fires, while torrential floods hit Nepal, Sudan and Spain, and heat waves in Mexico and Saudi Arabia killed thousands. While climate change now affects people from the richest to the poorest on Earth, political will to address it has waned in some countries.
Governments promised under the 2015 Paris Agreement to try to prevent the average global temperature rise from exceeding 1.5C above pre-industrial levels.
US President-elect Donald Trump, who takes office on Jan. 20, has called climate change a hoax, dismissing the global scientific consensus. During his first term in office he withdrew Washington from the Paris Agreement, and he has vowed to push greater fossil fuel production and roll back President Joe Biden’s push toward alternative energy.
Recent European elections have shifted political priorities toward industrial competitiveness, with some European Union governments seeking to weaken climate policies they say hurt business.
Matthew Jones, a climate scientist at the University of East Anglia in Britain, said climate-linked disasters will grow more common “so long as progress on tackling the root causes of climate change remains sluggish.”
EU climate commissioner Wopke Hoekstra said the 1.5C breach last year showed climate action must be prioritized.
“It is extremely complicated, in a very difficult geopolitical setting, but we don’t have an alternative,” he told Reuters.
The 1.5C milestone should serve as “a rude awakening to key political actors to get their act together,” said Chukwumerije Okereke, a professor of climate governance at Britain’s University of Bristol.
Britain’s Met Office confirmed 2024’s likely breach of 1.5C above pre-industrial levels, while estimating a slightly lower average temperature of 1.53C for the year.
Buontempo noted that 2024 did not breach that target since it measures the longer-term average temperature, but added that rising greenhouse gas emissions put the world on track to blow past the Paris goal soon.
Countries could still rapidly cut emissions to avoid temperatures from rising further to disastrous levels, he added.
“It’s not a done deal. We have the power to change the trajectory,” Buontempo said.
Concentrations in the atmosphere of carbon dioxide, the main greenhouse gas, reached a fresh high of 422 parts per million in 2024, C3S said.
Zeke Hausfather, a research scientist at US non-profit Berkeley Earth, said he expected 2025 to be among the hottest years on record, but likely not top the rankings. He noted that temperatures in early 2024 got an extra boost from El Niño, a warming weather pattern now trending toward its cooler La Nina counterpart.
“It’s still going to be in the top three warmest years,” he said.
Greenland’s leader says his people don’t want to be Americans as Trump covets territory
- “We do not want to be Danish, we do not want to be American. We want to be Greenlandic,” Múte B. Egede tells press conference
- He added, though, that he understands Trump’s interest in the island given its strategic location and he’s open to a dialogue with the US
COPENHAGEN, Denmark: Greenland’s prime minister said Friday that the mineral-rich Arctic territory’s people don’t want to be Americans, but that he understands US President-elect Donald Trump’s interest in the island given its strategic location and he’s open to greater cooperation with Washington.
The comments from the Greenlandic leader, Múte B. Egede, came after Trump said earlier this week that he wouldn’t rule out using force or economic pressure in order to make Greenland — a semiautonomous territory of Denmark — a part of the United States. Trump said that it was a matter of national security for the US.
Egede acknowledged that Greenland is part of the North American continent, and “a place that the Americans see as part of their world.” He said he hasn’t spoken to Trump, but that he’s open to discussions about what “unites us.”
“Cooperation is about dialogue. Cooperation means that you will work toward solutions,” he said.
Egede has been calling for independence for Greenland, casting Denmark as a colonial power that hasn’t always treated the Indigenous Inuit population well.
“Greenland is for the Greenlandic people. We do not want to be Danish, we do not want to be American. We want to be Greenlandic,” he said at a news conference alongside Danish Prime Minister Mette Frederiksen in Copenhagen.
Trump’s desire for Greenland has sparked anxiety in Denmark as well as across Europe. The United States is a strong ally of 27-nation European Union and the leading member of the NATO alliance, and many Europeans were shocked by the suggestion that an incoming US leader could even consider using force against an ally.
But Frederiksen said that she sees a positive aspect in the discussion.
“The debate on Greenlandic independence and the latest announcements from the US show us the large interest in Greenland,” she said. “Events which set in motion a lot of thoughts and feelings with many in Greenland and Denmark.”
“The US is our closest ally, and we will do everything to continue a strong cooperation,” she said.
Frederiksen and Egede spoke to journalists after a biannual assembly of Denmark and two territories of its kingdom, Greenland and the Faroe Islands. The meeting had been previously scheduled and wasn’t called in response to Trump’s recent remarks. Trump’s eldest son also made a visit to Greenland on Tuesday, landing in a plane emblazoned with the word TRUMP and handing out Make America Great Again caps to locals.
The Danish public broadcaster, DR, reported Friday that Trump’s team encouraged homeless and socially disadvantaged people in Greenland to appear in a video wearing the MAGA hats after being offered a free meal in a nice restaurant. The report quoted a local resident, Tom Amtof, who recognized some of those in a video broadcast by Trump’s team.
“They are being bribed, and it is deeply distasteful,” he said.
Greenland has a population of 57,000. But it’s a vast territory possessing natural resources that include oil, gas, and rare earth elements, which are expected to become more accessible as ice melts because of climate change. It also has a key strategic location in the Arctic, where Russia, China and others are seeking to expand their footprint.
Greenland, the world’s largest island, lies closer to the North American mainland than to Denmark. While Copenhagen is responsible for its foreign affairs and defense, the US also shares responsibility for Greenland’s defense and operates an air force base there based on a 1951 treaty.
Guinea suspends ‘unauthorized’ political movements
- Government spokesman Ousmane Gaoual Diallo said earlier that the West African nation could hold elections by the end of 2025 after a constitutional referendum “probably in May”
CONAKRY: Guinea’s government has demanded the suspension of all political movements it deemed “without authorization,” as the country’s military leaders hinted at possible elections this year.
In a statement read by a presenter on state television, the minister for territorial administration and decentralization, Ibrahima Kalil Conde, “noted with regret the proliferation of political movements without prior administrative authorization.”
“Consequently, all these political movements are asked to cease their activities immediately and to submit an application for administrative authorization to our ministry for their legal existence,” the statement added.
The junta, which seized power in a 2021 coup, has, in recent days, hinted at the possibility of elections by the end of the year.
Under international pressure, the military leaders had initially pledged to hold a constitutional referendum and hand power to elected civilians by the end of 2024 — but neither has happened.
Junta chief Gen. Mamady Doumbouya said in a New Year’s speech that 2025 will be “a crucial electoral year to complete the return to constitutional order.”
Government spokesman Ousmane Gaoual Diallo said earlier that the West African nation could hold elections by the end of 2025 after a constitutional referendum “probably in May.”
Since taking power, the junta has cracked down on dissent, with many opposition leaders detained, brought before the courts, or forced into exile.
In October, the junta placed the three main political parties under observation and dissolved 53 others in what it termed a major political “cleanup.”
It suspended another 54 for three months.
In Thursday’s statement, Conde said that national and international institutions and partners should “cease all collaboration with the 54 suspended political parties until 31 January 2025.”
