Eric And Donald Trump Nailed With 250 Million Dollar Lawsuit

Introduction

Eric and Donald Trump, the two sons of former US President Donald Trump, have been slapped with a 250 million dollar lawsuit on allegations of fraud and conspiracy. The lawsuit was filed by the New York Attorney General's office in the month of August 2021. Let us find out more about the lawsuit and the allegations made against the Trump brothers.

The Lawsuit

The lawsuit filed against Eric and Donald Trump is for their involvement in a fraudulent scheme to defraud donors to their father's presidential campaign. The lawsuit alleges that the Trump brothers, along with other members of the Trump family, used their non-profit organization, the Trump Foundation, as a personal slush fund to benefit their own interests.

The Allegations

The allegations made against Eric and Donald Trump are serious. The lawsuit alleges that the Trump brothers used charitable donations to pay off the debts of their father's businesses, to purchase personal items such as paintings of Donald Trump, and to fund political campaigns. The lawsuit also alleges that the Trump Foundation was used to promote the Trump brand, rather than for charitable purposes.

The Consequences

If the allegations made against Eric and Donald Trump are proven to be true, the consequences could be severe. The lawsuit seeks to dissolve the Trump Foundation and to ban Eric and Donald Trump from serving on the board of any other non-profit organization in the state of New York. The lawsuit also seeks to recover 2.8 million dollars in restitution and to impose a 5.6 million dollar penalty on the Trump brothers.

The Reaction

Eric and Donald Trump have denied the allegations made against them. They have called the lawsuit politically motivated and have vowed to fight it in court. The former US President, Donald Trump, has also criticized the lawsuit and has accused the New York Attorney General of being biased against him and his family.

The Investigation

The investigation into the Trump Foundation began in 2016, during the US Presidential election campaign. The investigation revealed that the Trump Foundation had violated several state and federal laws. In December 2018, the Trump Foundation agreed to dissolve under judicial supervision and to distribute its remaining assets to other charities.

The Lessons

The lawsuit against Eric and Donald Trump serves as a reminder of the importance of transparency and accountability in the non-profit sector. It also highlights the need for donors to do their due diligence before making charitable donations.

The Conclusion

The lawsuit against Eric and Donald Trump is a serious matter. It remains to be seen how the case will unfold in court. However, one thing is certain – the allegations made against the Trump brothers are damaging to their reputation and to that of their father. The case also serves as a cautionary tale for those who operate in the non-profit sector – transparency and accountability are crucial to maintaining public trust and confidence.

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