Then-President-elect Donald Trump with his children Eric (L), Ivanka and Donald Jr. on January 11, 2017 at Trump Tower in New York.
(Credit: TIMOTHY A. CLARY/AFP via Getty Images)
(CNN) —
New York Attorney General Letitia James filed a sweeping lawsuit Wednesday against former President Donald Trump, three of his adult children and the Trump Organization, accusing them of being involved in a sprawling fraud that lasted more than a decade and that the former president used to enrich himself.
The case file indicates that the defendants are Donald J. Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Revocable Trust, The Trump Organization, Inc. and other companies associated with the Ex leader.
In the more than 200-page lawsuit, James, a Democrat, contends that the fraud extended to every aspect of Trump's business dealings.
Among them, his properties and his golf courses.
According to the document, the Trump Organization misled lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals.
"These acts of fraud and misrepresentation were similar in nature, committed by senior management of the Trump Organization as part of a common effort for each annual statement, and approved at the highest levels of the Trump Organization, including Mr. Trump. He himself," the lawsuit states.
In addition to Trump, his children, Donald Trump Jr., Eric Trump and Ivanka Trump are among those charged in the lawsuit.
Allen Weisselberg, a former chief financial officer of the Trump Organization, and Jeff McConney, another longtime company executive, were also included.
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James said he believes state and criminal laws may have been violated and referred the matter to the US Attorney's Office for the Southern District of New York and the Internal Revenue Service (IRS).
James is seeking compensation of $250 million in allegedly ill-gotten funds, as well as permanently banning Trump and his sons named in the lawsuit from serving as directors of a New York state-registered company.
He is also requesting to cancel the Trump Organization's corporate certificate which, if granted by a judge, could effectively force the company to cease operations in that state.
News in development...
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