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James files large lawsuit against Trump, his organization, and several children

Sep 21, 2022 1:03 pm

CNN reports that New York Attorney General Letitia James filed a lawsuit Sept. 21 against former President Donald Trump, three of his adult children and the Trump Organization, alleging an expansive fraud lasting over the past decade. The more than 200-page lawsuit, alleges fraud in many aspects of the Trump business, including its properties and golf courses. The Trump Organization deceived lenders, insurers, and tax authorities by inflating the value of his properties using misleading appraisals, according to the 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. Besides the former president, Donald Trump Jr., Eric Trump and Ivanka Trump, are also named as defendants in the lawsuit, as is Allen Weisselberg, former CFO for the Trump Organization, and Jeff McConney, another longtime company executive. James also referred the matter to the US attorney's office for the Southern District of New York and the Internal Revenue Service, as she believes state and criminal laws may have been violated. The lawsuit seeks $250 million in allegedly ill-gotten funds and to permanently bar Trump and the others named in the lawsuit from serving as the director of a business registered in New York state. Read the full story at the CNN website.