NEW YORK — New York’s attorney general sued former President Donald Trump and his company Wednesday, alleging business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.C.
James is seeking to remove the Trumps from businesses engaged in the alleged fraud and wants an independent monitor appointed for no less than five years to oversee the Trump Organization’s compliance, financial reporting, valuations and disclosures to lenders, insurers and tax authorities. Alina Habba, an attorney for Trump, said the lawsuit “is neither focused on the facts nor the law — rather, it is solely focused on advancing the Attorney General’s political agenda.”
Manhattan District Attorney Alvin Bragg has been conducting a parallel criminal investigation of the same business practices at the heart of James’ civil lawsuit. That probe lost momentum earlier this year after Bragg raised questions internally about whether a criminal case was viable, but the Democrat has said it has not been abandoned.
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