New York AG Sues Donald Trump, His Children, And The Trump Organization

New York Attorney General Letitia James has announced a lawsuit against former President Donald TrumpDonald Trump Jr., Eric TrumpIvanka Trump, and the Trump Organization.

The lawsuit comes after a three-year civil investigation into the business practices of the Trump Organization. The lawsuit details over 200 instances of alleged fraud over the course of a decade. It claims that the Trump Organization inflated the value of its real estate holdings to get favorable bank loans while deflating the value of other properties to pay lower taxes.

“These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual Statement, and were approved at the highest levels of the Trump Organization — including by Mr. Trump himself,” the lawsuit states.

The lawsuit is seeking $250 million in penalties. In addition, James wants to bar Trump and his children from serving as the director of any business registered in New York state for five years.

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