The New York Attorney General’s office has filed a lawsuit against former President Donald Trump, several of his family members, as well associates and businesses, alleging “numerous acts of fraud and misrepresentation” regarding financial statements.
Attorney General Letitia James said at a news conference Wednesday morning after the complaint was filed in New York Supreme Court that Trump “inflated his net worth by billions of dollars,” and that his children Donald Jr., Ivanka, and Eric helped him.
“Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company,” James said, “to pay lower taxes, to satisfy continuing loan agreements and to induce insurance companies to provide insurance coverage for higher limits and at lower premiums.”
Read more at Foxnews.com
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