26.2 C
Saturday, October 16, 2021

    Latest Posts

    Mary Trump sues Donald Trump and his siblings for fraud

    - Advertisement -

    Mary Trump, US President Donald Trump’s niece who recently wrote a book revealing unsavoury details about her uncle, has filed a lawsuit accusing the President and his siblings of committing fraud in order to deprive her of her interests in the family real-estate empire built by Fred Trump Sr, Trump’s father .

    In the Thursday September 24 lawsuit, filed in New York state court against the President, his sister Maryanne Trump Barry and the estate of their late brother Robert Trump, Mary states that to the Trumps, “fraud was not just the family business—it was a way of life.”

    She accuses her two uncles and her aunt, a retired federal judge, of conspiring amongst themselves and with several other parties, including a trustee appointed to act on Mary’s behalf, to give her “a stack of fraudulent valuations” and force her to sign a settlement agreement that “fleeced her of tens of millions of dollars or more.”

    “Rather than protect Mary’s interests, they designed and carried out a complex scheme to siphon funds away from her interests, conceal their grift, and deceive her about the true value of what she had inherited,” the lawsuit says.

    Donald Trump

    In her new book,”Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man.”, she alleged she was cut out of her grandfather’s will as a result of her father’s death, with the now late Robert Trump allegedly explaining to her that she was excluded because her father died of alcoholism, and wasn’t around to inherit a share of the fortune. 

    In the lawsuit Mary also accused Donald Trump of trying to “steal vast sums of money from his siblings” by secretly trying to change his ailing father’s will to write his siblings out of control of the family’s fortune.

    Donald Trump

    Mary Trump was 16 years old when her father died in 1981 from alcoholism, and she and her brother, Fred Trump III, inherited minority interests in his really estate.

    Due to the fact she was a teenager, the lawsuit says, a lawyer named Irwin Durben, who had been Trump Sr.’s attorney and an executive at Trump-related entities, was appointed to act as a trustee on her behalf.

    But according to the lawsuit, Durben, who died in 2016, was “irredeemably conflicted,” siding with Mary’s family members over her own interests, “and ultimately acquiesced in Defendants’ campaign to squeeze her out of the family business entirely.”

    By the 1990s, with Trump Sr. suffering from Alzheimer’s, Mary Trump’s lawsuit alleges, his sons Donald and Robert and his daughter Maryanne at first competed with each other, “with palace intrigue reminiscent of the HBO series Succession,” but then worked together to advance their interests to the detriment of others.

    In 1991, Donald secretly approached Durben, according to the lawsuit, to get him to draft a codicil to give Donald complete control of his father’s estate, the lawsuit says. After his father rejected the codicil, Maryanne “finished the job,” securing a revised will that named her, Donald and Robert the executors of their father’s estate.

    Mary Trump has previously sued the Trump family, but they reached a settlement including a non-disclosure agreement that Robert Trump, who died in August, tried and failed to enforce before her book was published.

    In addition to alleging the elder Trumps committed fraud, Mary Trump’s lawsuit accuses them of breaching their fiduciary duty and committing negligent misrepresentation.

    “Through each of these schemes,” the lawsuit says, “Defendants not only deliberately defrauded Mary out of what was rightfully hers, they also kept her in the dark about it—until now.”

    Source: Kingsley U.

    Latest Posts

    Don't Miss