Letitia James, the attorney general of New York, has made it her mission over the past few months to go after disgraced former president Donald Trump, and it now seems that her most recent action is going to accomplish that goal. In response to several claims of fraud, Letitia James stated earlier today that she has filed a $250 million lawsuit against Donald Trump, the Trump Organization, and three of his adult children, Ivanka Trump, Donald Trump Jr., and Eric Trump.
According to CNN, James is suing Donald Trump, the Trump Organization, and his three eldest children for $250 million after alleging that they used fraudulent funds for a number of Trump businesses, including various properties and golf courses. The lawsuit is more than 200 pages long. The lawsuit also claims that by utilizing false appraisals to inflate the worth of his properties, Trump and the Trump Organization willfully misled lenders, insurers, and tax authorities.
Attorney General Letitia James is requesting a lifetime ban on Donald Trump
Attorney General Letitia James is requesting $250 million in addition to a lifetime ban on Donald Trump and his kids acting as directors of any New York-based companies. James is attempting to have the Trump Organization’s corporate certificate revoked, which would require the Trump Organization to permanently stop doing business in New York state if the legal action is officially approved by a judge.
The Trump family’s problems does not end there, though, as Letitia James claimed that she thinks they also broke federal and state laws. She has formally submitted this investigation to the Internal Revenue Service and the U.S. attorney’s office for the Southern District of New York.
According to the civil lawsuit, “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.