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NY AG Letitia James sues Donald Trump, kids and company

New York Attorney General Letitia James on Wednesday filed suit against former President Donald Trump, his kids Eric, Ivanka and Donald Trump Jr., and the Trump Organization — alleging “staggering” fraud in the family real estate business, court records show.

James’ office has been investigating the Trump Organization for over three years to determine whether the company’s assets were exaggerated for loan, insurance and tax purposes.

The 222-page suit, which also names ex-Trump Organization CFO Allen Weisselberg, says the defendants “engaged in numerous acts of fraud and misrepresentation in the preparation of Mr.
Trump’s annual statements of financial condition … covering at least the years 2011 through 2021,” according to court documents filed Wednesday in Manhattan Supreme Court.

James opened an investigation into the company in 2019 after Trump’s one-time personal lawyer Michael Cohen told Congress that Trump exaggerated company assets for tax, insurance and loan purposes.

NY AG Letitia James filed suit Wednesday against Donald Trump, his three kids Ericm Don. Jr. and Ivanka, as well as the Trump Organization alleging fraudulent business practices.
NY AG Letitia James filed suit Wednesday against Donald Trump, his three kids Ericm Don. Jr. and Ivanka, as well as the Trump Organization alleging fraudulent business practices.
The AG claims Trump, three of his kids and company employees made fraudulent representations about Trump's financial condition.
The AG claims Trump, three of his kids and company employees made fraudulent representations about Trump’s financial condition.
AFP via Getty Images

The AG then filed suit in 2020, claiming the Trump Organization and Eric Trump were stonewalling her probe.

Trump and the other two of his three eldest kids, Ivanka and Donald Trump Jr., have since been added to the case, in which the office sought to enforce subpoenas for records and depositions from family members and company employees. All three of his kids have been execs in the company.

Trump, Ivanka and Don Jr. have fought appearing for depositions but ultimately lost that court battle, and Trump testified last month at the AG’s deposition, where he refused to answer questions, citing his Fifth Amendment rights.

The lawsuit on Wednesday comes after the AG rejected at least one offer by Trump’s camp to settle the case, according to a report by the New York Times.

Trump Tower
Ex-CFO Allen Weisselberg, who pleaded guilty to fraud last month in a criminal case, was also named in the suit.
Getty Images

In a statement, Trump lawyer Alina Habba told The Post that the lawsuit “is neither focused on the facts nor the law — rather, it is solely focused on advancing the Attorney General’s political agenda.”

“It is abundantly clear that the Attorney General’s Office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place,” she said. “We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims.”

Trump is also facing more legal woes following the Aug. 8 raid on the Mar-a-Lago resort in Florida as the FBI probes whether Trump unlawfully stashed classified documents there. He’s maintained that the documents were declassified before he brought them there.

James’ office has been investigating the Trump Organization for over three years.
REUTERS

Trump lawyers were in Brooklyn federal court Tuesday as Judge Raymond Dearie, the court-appointed special master, works to determine which of the 11,000 seized documents could fall under attorney-client or executive privilege.

The Trump Organization is also set to face trial next month on charges of tax fraud where Weisselberg is slated to testify against the company as part of a plea deal he struck last month with the Manhattan District Attorney’s Office.

The company is accused of helping top execs get around income taxes by downplaying their compensation to the government for 15 years. Trump is not personally charged in the case.

If convicted, the company could face financial penalties and be forced to reform business practices.

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