Mary Trump, the niece of President Donald Trump, has filed a multimillion dollar lawsuit against her uncle, President Donald Trump, alleging that he committed fraud in order to cheat her out of her share of the family fortune, according to The New York Times:
“The suit, filed in State Supreme Court in Manhattan, accused Mr. Trump, his sister Maryanne Trump Barry and their brother Robert Trump, who died in August, of fraud and civil conspiracy. It seeks to recover the millions of dollars Ms. Trump claims to have lost.
“In its first sentence, the lawsuit says that, for the Trumps, ‘fraud was not just the family business — it was a way of life.’ Beginning in the 1980s, the suit contends, the president and his siblings took control of the New York City real estate empire their father, Fred Trump Sr., had built and ‘exploited it to enrich themselves’ to the detriment of everyone around them.”
How did Donald and his siblings manage to cheat Mary and her family out of their inheritance? Allegedly by lying in documents they filed regarding the value of Fred Trump’s estate when he died.
Specifically, the lawsuit claims, the Trumps took advantage of the fact that Mary was 16 when Fred Sr. died and had only a passing knowledge of finance and business:
“The suit maintains (that) Ms. Trump’s aunt and uncles embarked on ‘a complex scheme’ to siphon money away from her by, among other things, taking ‘exorbitant management fees, consulting fees, and salaries’ from the companies she had a stake in and by issuing loans to themselves from businesses she controlled that ‘included no terms of repayment.'”
“At the same time, the suit contends, Mr. Trump and his siblings worked with a ‘friendly appraiser’ to ‘grossly understate the value of Mary’s interests,’ even as they ‘fostered the impression that everything was OK.'”
This isn’t the first time Mary Trump has sought to regain control of the money and property she says she’s entitled to. In 2000, she went to court to get her fair share of the estate, only to have Donald and his siblings “ratchet up the pressure” on her with threats:
“At Ms. Trump Barry’s suggestion, the suit contends, the family cut off health insurance payments to Ms. Trump and her brother — ‘an act of unfathomable cruelty,’ because one of Fred Trump III’s children had cerebral palsy and required round-the-clock nursing care.”
Though it’s unknown exactly how much the president and his sister might have to pay to Mary Trump, based on the estimated value of the president and his company, the Trump Organization, the total could be in the hundreds of millions. Having to hand that sort of money over to the woman who recently wrote a tell-all book about her uncle would be infuriating for the Donald.