New York Attorney General Letitia James (screen capture)
BREAKING: New York Attorney General Letitia James sues Trump and The Trump Organization, seeking an end to their business in the state and $250 million in relief. https://t.co/6KeyQcytrn
— CBS News (@CBSNews) September 21, 2022
More from CBS News:
James’ office alleged in a 220-page complaint filed Wednesday that Trump, Donald Trump Jr., Ivanka Trump and Eric Trump, as well as others who have served as company executives at the Trump Organization engaged in a yearslong scheme to enrich themselves by inflating the values of a wide swath of properties, stretching across his international real estate empire.
James’ office is asking a judge to revoke the Trump Organization’s business certificate, effectively barring it from doing business in New York. Her office is seeking to permanently bar Trump and his children named in the suit from serving as officer or director of any business entity in New York, including their family’s company.
It is also requesting a five-year ban on Trump and the company from acquiring real estate in New York or applying for loans from any New York-based company.
An investigation into the Trump Organization began in 2019 when Trump’s former lawyer, Michael Cohen, testified that the company had issued “fraudulent financial statements” that inflated the valuations of assets while seeking loans and insurance coverage and deflated the value of other assets to reduce tax liability. Read more at CBS News.
NY AG Letitia James announces she is filing a lawsuit against Trump for “violating the law as part of his efforts to generate profits”:
“Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us.” pic.twitter.com/QcGPkxXqUS
— The Recount (@therecount) September 21, 2022
BREAKING: New York AG James announces lawsuit against former President Trump, his three eldest children and the Trump Organization on charges of large-scale business fraud. https://t.co/ZywpWB4Z6r
— Breaking News (@BreakingNews) September 21, 2022
* LAWSUIT SAYS THE FRAUD WAS APPROVED AT THE HIGHEST LEVELS OF THE TRUMP ORGANIZATION, INCLUDING BY DONALD TRUMP HIMSELF@Reuters
— Carl Quintanilla (@carlquintanilla) September 21, 2022
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