https://www.wsj.com/articles/letitia-james-vs-the-trump-family-donald-trump-lawsuit-new-york-real-estate-11663883532?mod=opinion_lead_pos3
Common wisdom says that on a good day state attorneys general do 70% politics and 30% law. That’s on a good day. On Wednesday New York Attorney General Letitia James lived up to that reputation by filing a civil lawsuit against Donald Trump. The suit alleges that the former President and three of his children inflated the asset values and net worth of their properties to get better terms from banks on loans and better deals from insurers.
Ms. James ran for office promising to indict Mr. Trump, which is the opposite of the way justice should be done. You’re supposed to find a crime and then identify the perpetrator. Ms. James declared Mr. Trump could “be indicted for criminal offenses” and has hunted ever since for a crime to charge him with.
Her civil lawsuit requires a mere preponderance of evidence standard to prove guilt, not proof beyond a reasonable doubt. She has referred the case to the Internal Revenue Service and federal prosecutors in Manhattan, though the Manhattan district attorney didn’t file charges after examining the same issues.
This isn’t to dismiss the financial fraud charges. The lawsuit says Mr. Trump used “objectively false numbers to calculate property values,” including counting his Trump Tower apartment at 30,000 sq. ft. when it was 10,996 sq. ft. so that it could be improperly valued at $327 million. His golf course in Scotland was valued at $327 million on the calculation that 2,500 homes could be developed (worth $267 million) when he had zoning approval for only 1,500 homes and apartments.