New York Attorney General Announces Lawsuit Against Trump

The attorney general of New York state, Letitia James, has filed a civil lawsuit against Trump and some of the members of his family. This is due to the culmination of a years-long investigation of financial practices at the Trump Organization. 

On Wednesday, James announced the suit in New York in a way that is definitely going to increase consternation with Trump, his family, and his inner circle about the legal issue that he is in. 

When James announced this suit before reporters in New York, she said: “The complaint demonstrates that Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us. He did this with the help of the other defendants.” 

This New York suit is a reflection of the serious legal problems that Trump is already facing on several fronts. These include possible indictment over his retention of classified records after his time as president and many investigations about his trying to overturn his defeat in the 2020 election. 

A statement about James’ suit was released, saying: “against Donald Trump, The Trump Organization, senior management and involved entities for engaging in years of financial fraud to obtain a host of economic benefits. The lawsuit alleges that Donald Trump, with the help of his children, Donald Trump Jr, Ivanka Trump, and Erik Trump, and senior executives of the Trump Organization, falsely inflated his net worth by billions of dollars to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, induce insurers to provide insurance coverage for higher limits and lower premiums, and to gain tax benefits, among other things.” 

Donald Trump, Donald Trump Jr, Ivanka Trump, and Eric Trump were all deposed during the investigation. 

Allen Weisselberg, the former Trump Organization chief financial officer, and Jeffrey McConney, the Trump Organization comptroller, were also called out by James on Wednesday. Weisselberg has pleaded guilty to tax fraud in a separate criminal investigation in New York.

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