Trump has a fraud lawsuit against the NY attorney general


From left, Eric Trump, Ivanka Trump, Donald Trump and Donald Trump Jr. In 2017 they arrive at a press conference at Trump Tower in New York. (Timothy A. Clary/AFP/Getty Images/File)

New York’s top authorities have filed a sweeping lawsuit against former President Donald Trump, three of his grown children and the Trump Organization, alleging their involvement in a massive fraud that spanned more than a decade that the former president used to enrich himself.

New York Attorney General Letitia James is expected to announce the more than 200-page lawsuit on Wednesday, the culmination of a three-year investigation into the Trump Organization. He was arraigned in state court Wednesday morning.

“These acts of fraud and misrepresentation were of a similar nature, as part of a joint effort by senior management of the Trump Organization for each annual Statement, and were approved at the highest levels of the Trump Organization, including Mr. Trump himself,” the lawsuit says.

Donald J. Trump and his children, Donald Trump Jr., Eric Trump and Ivanka Trump, have been named as defendants. Allen Weisselberg, the former chief financial officer of the Trump Organization, and Jeff McConney, another longtime company executive, are also named.

James says the fraud touched every aspect of the Trump business, including his properties and golf courses. According to the lawsuit, the Trump Organization defrauded lenders, insurers and tax authorities by inflating the value of its assets using misleading appraisals.

James said he believed state and criminal laws were violated and referred the matter to the U.S. attorney’s office for the Southern District of New York and the Internal Revenue Service.

James is seeking $250 million in allegedly ill-gotten funds and to permanently bar Trump and the children named in the suit from being directors of a business registered in New York State. He wants to revoke the Trump Organization’s corporate certification, which, if granted by a judge, could force the company to cease operations in New York state.

Trump has previously denied wrongdoing and called the James investigation a partisan “witch hunt.”