NEW YORK — New York Attorney General Letitia James filed a bombshell $250 million civil fraud lawsuit Wednesday against Donald Trump and the Trump Organization. Three of Trump’s adult children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.
The attorney general’s lawsuit filed in State Supreme Court in Manhattan accuses the Trump Organization, related entities and senior executives of purposely misvaluing assets emblazoned with Trump’s name by hundreds of millions of dollars on skyscrapers, mansions and golf courses.
“This investigation revealed that Donald Trump engaged in years of illegal conduct to inflate his net worth, to deceive banks and the people of the great state of New York,” James said at a news conference. “Claiming you have money that you do not have does not amount to the art of the deal. It’s the art of the steal.”
