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Official Twitter account of New York Attorney General Letitia James’ Office. Follow us on Bluesky: https://t.co/zubSAh9cIT.

Sep 21, 2022, 5 tweets

Today, I filed a lawsuit against Donald Trump for engaging in years of financial fraud to enrich himself, his family, and the Trump Organization. 

There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans.

Actions have consequences. We're seeking to:

➡️Make Trump pay $250 million.

➡️Ban the Trumps from running NY businesses for good.

➡️Ban Trump and Trump Org from buying commercial real estate in NY for 5 yrs.

➡️We're making a criminal referral to the U.S. Dept of Justice.

With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes.

In short, he lied to gain massive financial benefits for himself.

We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements.

These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage.

Trump's crimes are not victimless.

When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers.

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