New York’s attorney general sued former President Donald Trump and his companies on Wednesday over alleged business fraud involving some of his most valuable assets, including properties in Manhattan, Chicago and Washington DC.
Attorney General Letitia James’ lawsuit, filed in New York state court, is the culmination of a three-year civil investigation by Democrats into Trump and the Trump Organization. Trump’s three oldest children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two of the company’s directors, Allen Weisselberg and Jeffrey McConney.
The lawsuit seeks to strike at the core of what made Trump famous and cast a black spotlight on the image of wealth and affluence he has espoused throughout his career, first as a real estate developer, then as a reality show host on “The Apprentice.” ” and “Celebrity Apprentice”, and later as president.
James, a Democrat, planned to announce details of the lawsuit at a news conference Wednesday. The case came before a judge on Wednesday morning.
James’ office has spent more than three years investigating fraudulent or misleading valuations of his assets in financial statements provided to potential business partners, banks or IRS officials.
The goal, prosecutors have said, was to burnish the billionaire’s image and the value of Trump’s assets when it gave him an advantage, while depleting assets at other times for tax purposes.
“Today’s presentation is not focused on the facts or the law, but solely on advancing the Attorney General’s political agenda. It is abundantly clear that the Attorney General’s office has exceeded its legal authority by interfering with transactions where there has been absolutely no violation.” “We are confident that our judicial system will not tolerate this unfettered abuse of power, and we look forward to defending our client against any baseless claims by the Attorney General,” Trump’s attorney Alina Habba said.