his children for fraud stemming from her long-running civil investigation into the Trump Organization’s business dealings.
“I am announcing today that we are filing a lawsuit against Donald Trump for violating the law as part of his efforts to generate profits for himself, his family and his company,” James said. “The complaint demonstrates that Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us.”
James said her office interviewed 65 witnesses and reviewed millions of documents as part of its investigation. In addition to Trump, the additional defendants named in the lawsuit include his three eldest children as well as former Trump Organization executives Allen Weisselberg and Jeff McConney. “Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms than otherwise would have been available to the country, to pay lower taxes, to satisfy continuing loan agreements and to induce insurance companies to provide insurance coverage at higher limits and at lower premiums,” James said at during the Wednesday morning remarks.