Here’s What We Know About Letitia James’s Fraud Lawsuit Against Trump
New York Attorney General Letitia James unveiled a civil fraud lawsuit against Donald Trump and his three adult children on Wednesday, marking the latest escalation of the yearslong investigation into the former president’s financial dealings in the state.
In her lawsuit, James is seeking a minimum punishment of $250 million for Trump’s alleged fraudulent business practices, pointing to evidence her office has uncovered that proves the Trump Organization violated several state laws by manipulating its asset valuations.
“This investigation revealed that Donald Trump engaged in years of illegal conduct to inflate his net worth … to deceive banks and the people of the great state of New York,” James said Wednesday. “Claiming you have money that you do not have does not amount to the art of the deal. It’s the art of the steal.”
Here’s what the lawsuit says:
During its yearslong investigation, the New York Attorney General’s Office uncovered evidence of Trump manipulating his company’s asset valuations in more than 200 instances over a 10-year period, according to James. (Read more from “Here’s What We Know About Letitia James’s Fraud Lawsuit Against Trump” HERE)
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