AG Letitia James is seeking $250 million in damages and to bar Trump and his children from conducting business in New York state, where they built their fortune.
New York State Attorney General Letitia James, pictured in February, filed a civil lawsuit on Wednesday against former President Donald Trump, saying he"falsely inflated his net worth by billions of dollars to unjustly enrich himself, to cheat the system." Following a three-year investigation, New York's Democratic Attorney General Letitia James filed a civil lawsuit on Wednesday against former President Donald Trump.
Responding to the suit, Donald Trump Jr. used an expletive on Twitter next to a video of James: "The bullshit Dem witch-hunt continues!" he wrote. During her press conference, James acknowledged she would face criticism that her lawsuit is partisan. She noted her three-year investigation of Trump"only started after Michael Cohen, his former lawyer, testified before congress about this conduct."
The lawsuit also aims to bar the former president and his organization from buying commercial real estate in New York for five years. Then, according to the lawsuit, the Trump organization inflated the value of the property in statements to more than $500 million, in order to gain unfair advantages with lenders and insurers doing business with Trump's firm."The inflated asset valuations in the statements cannot be brushed aside or excused as merely the result of exaggeration," the lawsuit states.
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