New York’s top law enforcement officer filed a sweeping lawsuit against former President Donald Trump, three of his adult children and the Trump Organization, alleging they were involved in an expansive fraud lasting over a decade that the former President used to enrich himself.
New York Attorney General Letitia James is expected to announce the lawsuit spanning more than 200 pages at a news conference Wednesday – the culmination of a three-year investigation into the Trump Organization. It was filed in state court Wednesday morning.
“These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual Statement, and were approved at the highest levels of the Trump Organization — including by Mr. Trump himself ,” the lawsuit states.
Donald J. Trump and his children, Donald Trump Jr., Eric Trump and Ivanka Trump, are named as defendants in the lawsuit. Allen Weisselberg, former CFO for the Trump Organization, and Jeff McConney, another longtime company executive, are also named.
James alleges the fraud touched all aspects of the Trump business, including its properties and golf courses. According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals.
James said she believes state and criminal laws may have been violated and referred the matter to the US 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 lawsuit from serving as the director of a business registered in New York state. She is also seeking to cancel the Trump Organization’s corporate certificate, which if granted by a judge, could effectively force the company to cease operations in New York state.
Trump has previously denied any wrongdoing and called James’ investigation a partisan “witch hunt.”