Five things to know about the NY AG's new lawsuit against Trump
(The Hill) –
The attorney general's lawsuit alleges that the former president's company falsely inflated and deflated the value of assets in order to pay lower taxes and get better insurance coverage.
The civil lawsuit is seeking
It also asks the court to bar Trump and the
Here are five things to know amid the lawsuit announcement.
The lawsuit comes after a three-year civil investigation
James has been leading a three-year investigation into the former president's family business and finances in the state.
James at a press conference Wednesday said her office had interviewed more than 65 witnesses and reviewed millions of documents throughout the probe.
The attorney general said Trump "falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us," and that he did so with the help of his children and with two named former
The lawsuit alleges that the group engaged in a conspiracy to violate state laws, including falsifying business records, issuing false financial statements and committing insurance fraud, James argued.
Alleged federal crimes, including bank fraud, are being referred to federal prosecutors and the
For Trump,
The former president began his career in
The famed
The then-president had retreated often to his private Mar-a-Lago club in
But even after turning his back on
Trump's two adult sons now run the Trump Organization, which he turned over in 2017 as he assumed the presidency.
Trump's children are involved
The lawsuit names
James subpoenaed Trump,
Trump's children have played prominent roles in their father's business orbit.
When
"This is all about politics. Weaponizing her office to go after her political opponents!"
He and
Former Attorney General
The fight between James and Trump has been intense
Like his sons, Trump has long dismissed the probe and argued that the investigation was politically motivated against him.
"Attorney General Letitia "Peekaboo" James, a total crime-fighting disaster in
"She is a failed A.G. whose lack of talent in the fight against crime is causing record numbers of people and companies to flee
James has been vocal about her inquiry into the former president, a fact that has fueled the Trumps' arguments that her inquiry is politically motivated.
But the attorney general has consistently hit back at the criticisms.
"My office will follow the facts of any case, wherever they lead. Make no mistake: No one is above the law, not even the President," James wrote on Twitter back in 2019.
She echoed the same sentiment after the lawsuit was announced Wednesday. "There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans," James wrote on Twitter.
It's not the only legal battle Trump is facing
As the longstanding
The lawsuit comes in the wake of last month's FBI search of Trump's Mar-a-Lago residence.
Agents executing a search warrant at the
Court records revealed investigators suspected Trump of multiple violations of the Espionage Act for his mishandling of the materials, and Trump's legal team is now engaged in a battle to block the
Members of the House committee have pushed for the
The Jan. 6's committee's Vice Chairwoman
In Georgia, a special grand jury is investigating the efforts of Trump and his allies to overturn the 2020 election results in the state.
Georgia's
Close Modal
Suggest a Correction
Suggest a Correction
Centers for Medicare & Medicaid: HHS Approves 12-Month Extension of Postpartum Medicaid, CHIP Coverage in North Carolina
New Orleans man arrested in connection with fraudulent insurance policies, State Police say
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News