NY attorney general sues Donald Trump and his company

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New York’s attorney general sued former President Donald Trump and his company on Wednesday, alleging business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.

FILE - Donald Trump, right, sits with his children, from left, Eric Trump, Donald Trump Jr., and Ivanka Trump during a groundbreaking ceremony for the Trump International Hotel on July 23, 2014, in Washington. New Yorks attorney general sued former President Donald Trump and his company on Wednesday, Sept. 21, 2022, alleging business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.C.

“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 the 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.”

James said her investigation uncovered potential criminal violations, including falsifying business records, issuing false financial statements, insurance fraud, conspiracy and bank fraud. She said her office is referring those findings to federal prosecutors and the Internal Revenue Service. The Trump Organization is set to go on trial in October in a criminal case alleging that it schemed to give untaxed perks to senior executives, includingWeisselberg, 75, pleaded guilty Aug. 18. His plea agreement requires him to testify at the company’s trial before he starts a five-month jail sentence. If convicted, the Trump Organization could face a fine of double the amount of unpaid taxes.

Meanwhile, Trump has been laying the groundwork for a potential comeback campaign for president in 2024 and has accused President Joe Biden’s administration of targeting him to hurt his political chances.

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