New York State Attorney General Letitia James announced a $250 million lawsuit against Donald Trump and his children. The allegation is that Trump inflated and deflated the value of his assets to achieve a false net worth. He then allegedly went on to procure loans from banks based on this false worth. The children are wrapped up in it because they may have financially benefitted.
It is interesting to see such a lawsuit come from the Attorney General of New York. A major financial violation and/or crime like what she is alleging should have been flagged by federal agencies long ago. Trump has been under audit by the IRS for the better part of 20 years. Long before he became a politician. This is due to his tremendous wealth and all of the businesses that are attached to his name. Trump himself is also an accountant.
Throughout all the years of political opponents attempting to find dirt on Donald Trump, they have come up short every time. Two impeachments, FBI spying, White House leaks. Nothing “they” have thrown at Trump has worked thus far. Letitia James may know that what she is doing won’t work either but maybe that’s not the point. Midterm elections are upon us. She is up for reelection and her first campaign was run on going after Trump for financial crimes committed in New York. It appears as if James is just doubling down on her initial promise and attempting to fulfill it.
New York AG Letitia James sues Trumps, their business for alleged fraud – The Washington Post
New York AG Letitia James files $250M lawsuit against Trump for defrauding lenders, others – ABC News
Live updates: Trump faces fraud lawsuit from NY attorney general
Donald Trump has been called a fraud his entire life. NY’s Attorney General claims she can prove it – The Boston Globe
Trump, adult children sued by New York attorney general for fraud | Reuters