The office of New York Attorney General Letitia James has requested a lifetime ban on Donald Trump from the real estate business. Faherty, a lawyer in James’ office, informed Judge Arthur Engoron about the appeals court’s decision in the case of Martin Shkreli, also known as “Pharma Bro” by the media, who has been banned from the pharmaceutical industry for life. She said that Trump should be subject to New York State Executive Law 63(12).
The 2nd U.S. Circuit Court of Appeals upheld the ban on Shkreli for life due to his attempt to stifle competition by raising the price of a drug by over 4,000% in 2015. It was because of a case of antitrust that James, the Federal Trade Commission, and six other states brought against Shkreli…
Trump, his two oldest sons, Donald Trump Jr. and Eric Trump, and the Trump Organization face trial for $370 million in civil fraud. They are Trump, his two oldest sons, Donald Trump Jr. and Eric Trump, and the Trump Organization. She claims that the former president lied about his wealth by billions of dollars to get better personal loans and lower tax bills. The former president says he did nothing wrong and has said many times that the lawsuits were politically motivated to stop him from running for president in 2024.
Engoron said in September that Trump, his adult sons, their businesses, and executives worked with them to lie about how much their property was worth. The court will also make a decision on six other charges, such as insurance fraud, falsifying business records, and conspiracy. The trial was over on January 11, and Engoron planned to make a decision by January 31.