New York AG Letitia James files $250M lawsuit against Trump for defrauding lenders, others

News September 21, 2022 News
New York AG Letitia James files $250M lawsuit against Trump for defrauding lenders, others

From ABC News by Aaron Katersky

For 20 years, Donald Trump and his family enriched themselves through "numerous acts of fraud and misrepresentations," New York Attorney General Letitia James alleges in a new lawsuit that accuses the Trumps of "grossly" inflating the former president's net worth by billions of dollars and cheating lenders and others with false and misleading financial statements.

The civil lawsuit, filed Wednesday in State Supreme Court in Manhattan, seeks a $250 million judgment and a prohibition on any of the Trumps leading a company in the state of New York.

"We found that Mr, Trump, his children, and the corporation used more than 200 false asset valuations over a ten year period," James said at a press conference announcing the charges.

Photo by Brittainy Newman / Associated Press

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