New York Attorney General, Letitia James has sued former President Donald Trump, three of his children, the Trump Organisation, and others for fraud.
Trump and his children were allegedly involved in widespread fraud involving years’ worth of false financial statements related to the company’s business.
The 220-page civil lawsuit filed in Manhattan Supreme Court on Wednesday seeks at least $250 million in damages.
And it also seeks to permanently bar Trump, Donald Trump Jr., Eric Trump, and Ivanka Trump from serving as an officer of a company in New York, and permanently prohibit the Trump companies named in the suit from doing business in New York State, CNBC reports.
James also said she was referring evidence obtained in the course of a three-year investigation to federal prosecutors in Manhattan, as well as to the Internal Revenue Service.
According to her, she believed her civil investigation exposed violations of federal criminal laws.
James said Trump massively overstated the values of his assets in statements to banks, insurance companies, and the IRS to obtain more favorable loans and insurance terms for his company, as well as to lower its tax obligations.
CR/VO/SAHARA REPORTER’S
