President Trump niece, Mary Trump filed a lawsuit Thursday against the President and his two siblings, accusing them of committing fraud in order to deprive her of her interests as well as squeezing her out of the family real-estate empire.
The lawsuit, filed in the New York State court accuses her two uncles and her aunt of conspiring amongst themselves 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.”
Mary Trump asserts in the lawsuit that the Trump family, “fraud was not just the family business—it was a way of life.”
“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.
In her latest book “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” Mary Trump made the same accusations that were cited in the lawsuit. Mary Trump stated in the book that she was cut out of the grandfather, Fred Trump’s will due to the way her father’s died, the president’s older brother. Her father died of alcoholism in 1981 and Mary alleges that the late Robert Trump who passed away last month excluded her from the inheritance since her father wasn’t around to claim his share of the fortune.
At the time of her father’s death, Mary Trump was a teenager and was appointed a trustee to act on her behalf. According to the lawsuit, Mary alleges that the trustee, a lawyer for Fred Trump Sr. named Irwin Durben who also was an executive at Trump-related entities was “irredeemably conflicted.” She claims the trustee was always siding with her aunt and uncles against her own interests that Mary believes “ultimately acquiesced in Defendants’ campaign to squeeze her out of the family business entirely.”
Mary Trump also accuses the president of trying to “steal vast sums of money from his siblings” by secretly trying to rewriter her grandfather’s will where he excluded his siblings out of control of the family’s fortune. In the 1990s, the lawsuit alleges when her grandfather began suffering from Alzheimer, the siblings were competing each other “with palace intrigue reminiscent of the HBO series Succession,” until they decided to work together “to advance their interests to the detriment of others.”
It noted that the president, in a tweet, has said she was “rightfully shunned, scorned and mocked her entire life.” It cited tweets where he describes Mary Trump as “a mess” who her grandfather “couldn’t stand.”
In 1991, the lawsuit alleges that the president secretly approached the family lawyer to get Durben to draft a codicil that would give him complete control of the family’s estate. Trump Sr, rejected the codicil and according to the lawsuit, the president’s sister Maryanne “finished the job,” by securing a revised will naming all three siblings the executors of the estate.
According to Mary, the siblings would then “devise and perpetrate” three schemes. The first scheme alleges siphoned value from Mary’s interests to entities they owned while portraying the transactions as legitimate business. The second alleges depression the value of her interests by using fraudulent appraisals and financial statements. And the third scheme alleges pressured Mary by threatening to bankrupt her interests and remove her and her brother Fred Trump III from the family’s healthcare insurance policy unless she signed a settlement.
“Through each of these schemes,” the lawsuit said, “Defendants not only deliberately defrauded Mary out of what was rightfully hers, they also kept her in the dark about it—until now.”
“In reality, Mary’s Interests were worth tens of millions of dollars more than what Defendants represented to her and what she received,” the lawsuit adds.
In a statement, Mary Trump asserts: “Recently, I learned that rather than protecting me, they instead betrayed me by working together in secret to steal from me, by telling lie after lie about the value of what I had inherited, and by conning me into giving everything away for a fraction of its true value. I am bringing this case to hold them accountable and to recover what is rightfully mine.”
However, The lawsuit since filed in the state of New York which needs a jury trial to proceed would also have to overcome laws that limit how long someone can wait to sue over fraudulent activity.