Donald Trump is facing a lawsuit from New York attorney general Letitia James, who accuses the former president, his three grown children, and the Trump Organization of “engaging in years of financial fraud” to acquire commercial real estate.
The civil complaint, filed Wednesday, alleged that Trump, with the help of his children Donald Trump, Jr., Ivanka Trump, and Eric Trump, and senior executives in his organization, falsely inflated his net worth by billions of dollars to deceive banks to give them better rates on loans and insurance policies, and to gain tax benefits, among other things.
“Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system,” said James. “In fact, the very foundation of his purported net worth is rooted in incredible fraud and illegality.”
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