Democratic Attorney General Letitia James is seeking $250 million in damages and to bar the former president from conducting business in New York. | via NPR
New York State Attorney General Letitia James, pictured in February, filed a civil lawsuit on Wednesday against former President Donald Trump, saying he"falsely inflated his net worth by billions of dollars to unjustly enrich himself, to cheat the system."Following a three-year investigation, New York's Democratic Attorney General Letitia James filed a civil lawsuit on Wednesday against former President Donald Trump.
Responding to the suit, Donald Trump Jr. used an expletive on Twitter next to a video of James:"The bullshit Dem witch-hunt continues!" he wrote. According to James, Trump's operation"repeatedly and consistently manipulated the value of assets" in order to win favorable loan terms from banks and to reduce tax payments.James is seeking roughly $250 million in penalties and also seeks to ban Trump, his children and members of their executive team permanently from operating businesses in New York state.
She also said that prior to Wednesday's announcement, her office had rejected a settlement offer from Trump and his organization.
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