The Obscure Law That Could Dismantle Trump’s Empire

“Former President Donald Trump, faced with a New York attorney general who won’t back down, is finally being forced to come up with a defense to explain why he lied relentlessly about his real estate portfolio. Her gargantuan lawsuit could bankrupt his company—and pave the way for a future criminal prosecution,” the Daily Beast reports.

“His riches are being threatened by a powerful law enforcement tool that AG Letitia James is wielding like a sledgehammer. Her civil lawsuit against him and his family—which accuses them of rampant bank and tax fraud—relies on the state’s Executive Law 63 (12). Its potential to deal serious damage is evident by how desperately the former president has tried to avoid fighting it head-on.”

“Rather than present an actual defense, Trump has questioned for nearly a year whether that law even gives AG Letitia James the authority to target his family company. He’s failed miserably.”