New York state Attorney General Letitia James announced Wednesday that she was filing a lawsuit against the Trump Organization and its officers, including the former president and his three eldest children. But it appears to be all smoke and mirrors.
James is seeking $250 million in damages in her 222-page complaint, alleging that the company and its officers had engaged in fraudulent business practices by overvaluing its assets to obtain favorable loan terms.
James told reporters “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.”
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