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Politics
Bridget J. Crawford, Professor of Law, Pace University

New York's $250 million lawsuit against Donald Trump is the beginning, not end, of this case – a tax lawyer explains what's at stake

Donald Trump Donald Trump Jr. Eric Trump Ivana Trump Ivanka Trump Letitia James Lawsuit IRS Trump Organization
New York Attorney General Letitia James announced a $250 million lawsuit against former president Donald Trump on Sept. 21, 2022 . Michael M. Santiago/Getty Images

New York Attorney General Letitia James hit former president Donald Trump with a US$250 million lawsuit on Sept. 21, 2022, citing “staggering” amounts of falsified business information and fraud.

The civil lawsuit alleges that Trump, his company – the Trump Organization – and three of his children lied to lenders and insurers about billions of dollars’ worth of assets. This follows a three-year investigation into Trump’s New York-based real estate business.

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