In a significant development, a New York appeals court has dismissed Ivanka Trump from a wide-ranging fraud lawsuit initiated by the state’s attorney general against her father and his company. The lawsuit, brought by New York Attorney General Letitia James, alleged that former President Donald Trump inflated his net worth and deceived various institutions regarding the value of his assets. Ivanka, along with her brothers Donald Jr. and Eric, as well as several Trump Organization executives, were named as defendants in the lawsuit.
The Appellate Division of New York’s Supreme Court ruled on Tuesday that the claims against Ivanka Trump were barred by the state’s statute of limitations. The court specified that while claims regarding alleged wrongdoing after February 2016 were admissible, Ivanka Trump, who had distanced herself from the Trump Organization, was not accused of any misconduct during that period. The court has left it to a lower-court judge to determine whether other parts of the lawsuit should be dismissed based on the statute of limitations.
A representative for Ivanka Trump has not yet responded to the ruling. However, Attorney General James’ office has stated that they intend to continue pursuing the case.
This lawsuit is the outcome of a three-year investigation into Trump and his business conducted by Attorney General James. The investigation reveals numerous instances of alleged fraud, many of which involve claims made on annual financial statements presented to banks and financial magazines to secure loans and deals.
Trump has consistently denounced the investigation as a “politically motivated Witch Hunt.” On the other hand, Christopher Kise, Trump’s attorney, views the recent ruling as a positive step towards ending a case that should not have been filed. He remains confident that once all the true facts come to light, there will be no doubt about the success of President Trump’s business empire.
Attorney General James has disclosed that her investigation has uncovered evidence of potential criminal violations by Trump, including insurance fraud and bank fraud. These findings will be referred to external authorities for further action. Furthermore, she claims that Ivanka Trump directly participated in the efforts to inflate her father’s wealth and secure favorable loan terms and real estate licensing deals.
Ivanka Trump’s attorneys refute these allegations, contending that the lawsuit lacks evidence demonstrating her direct involvement in her father’s financial statements.
The Attorney General’s Office seeks a financial penalty of $250 million and a ban on Trump and his family conducting business in New York. The trial is scheduled for October.
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