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Trump and 3 Family Members Sued for Fraud by NY Attorney General

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Trump and 3 Family Members Sued for Fraud by NY Attorney General

Trump and 3 Family Members Sued for Fraud by NY Attorney General

Trump and 3 Family Members , Sued for Fraud , by NY Attorney General .

Trump and 3 Family Members , Sued for Fraud , by NY Attorney General .

The lawsuit was announced by NY Attorney General Letitia James on Sept.

21.

The 220-page suit names former President Donald Trump, Donald Trump Jr., Ivanka Trump and Eric Trump.

The 220-page suit names former President Donald Trump, Donald Trump Jr., Ivanka Trump and Eric Trump.

The 220-page suit names former President Donald Trump, Donald Trump Jr., Ivanka Trump and Eric Trump.

The 220-page suit names former President Donald Trump, Donald Trump Jr., Ivanka Trump and Eric Trump.

It accuses the Trump Organization of more than 10 years of fraud in connection with its insurers and lenders.

It states that the value of Trump's properties, including Mar-a-Lago, have been vastly inflated.

Moreover, the lawsuit claims that Trump's financial statements over the course of several years include hundreds of lies.

The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year, NY A.G.

Lawsuit Against Trump, via 'The New York Times'.

In filing the lawsuit, A.G.

James seeks to bar Trump from conducting business in NY.

In addition, the lawsuit seeks the forfeiture of nearly $250 million in funds acquired through fraud.

Analysts say the lawsuit dismantles Trump's crafted savvy businessman persona.

The Trump Organization called the lawsuit ā€œan abhorrent abuse of power, waste of valuable resources and tens of millions of taxpayer dollars.ā€.

The statement goes on to say that company lenders ā€œprofited handsomely ā€” to the tune of hundreds of millions of dollars in interest and fees.ā€.

The statement also accuses A.G.

James of playing politics and putting ā€œher own political ambitions ahead of the safety of New Yorkers.ā€.

Trump's attorney said that ā€œwe look forward to defending our client against each and every one of the attorney generalā€™s meritless claims.ā€


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