According to an ABC News report, New York Attorney General Letitia James’ office has filed a lawsuit against former President Donald Trump, members of his family, as well associates and businesses, alleging “numerous acts of fraud and misrepresentation” regarding financial statements.
From ABC News:
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.
Among other allegations, the suit claims that the former president’s Florida estate and golf resort, Mar-a-Lago, was valued as high as $739 million, but should have been valued at around one-tenth that amount, at $75 million. The suit says that higher valuation was “based on the false premise that it was unrestricted property and could be developed for residential use even though Mr. Trump himself signed deeds donating his residential development rights and sharply restricting changes to the property.”
This story is developing…
BREAKING: New York AG Letitia James has filed a sweeping lawsuit against Donald Trump and his family alleging they used false financial statements to defraud lenders and others. https://t.co/mPWwDNY9Ea
— ABC News (@ABC) September 21, 2022