New York Attorney General Letitia James has filed a lawsuit against former President Donald Trump for fraud. The suit names Trump, the Trump Organization, and three of Trump's children — Donald Trump Jr., Ivanka Trump, and Eric Trump — and claims they have fraudulently overvalued their assets by billions of dollars. The suit is the result of James' years-long investigation into Trump's real estate dealings, Bloomberg reports, and the formal complaint states that the fraudulent activities were "approved at the highest levels of the Trump Organization — including by Mr. Trump himself."
The latest development comes just a week after James refused to settle with Trump's lawyers, The New York Times reports. The former president has continued to deny wrongdoing, accusing James of being politically motivated, CNBC reports.
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The suit filed is a civil suit; however, criminal charges may come out of it as well. James has filed a criminal referral to federal prosecutors and a separate tax fraud referral to the IRS along with the lawsuit, Politico reports.
The former president has faced many legal struggles, including his Mar-a-Lago property being searched by the FBI and his involvement in the Jan. 6 insurrection being investigated by a House select committee.
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