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The Independent UK
The Independent UK
National
Josh Marcus

Trumps could face $250m penalty and ban from doing business in New York in fraud suit

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Donald Trump and his family business are in serious legal and financial jeopardy, after New York attorney general Letitia James filed a $250m civil lawsuit on Wednesday accusing the Trump Organization of serially lying about the value of its assets to lenders and insurers to obtain financial benefits.

Speaking from her office in New York City on 21 September, Ms James said the twice-impeached ex-president “cheated all of us” by inflating his net worth “to unjustly enrich himself and to cheat the system”.

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