New York sues Donald Trump, company and family members over widespread fraud claims, seeks at least $250 million in penalties

New York Attorney General Letitia James on Wednesday sued former President Donald Trump, the Trump Organization, three of his adult children, and others for allegedly widespread fraud involving false financial statements related to the company.

The lawsuit filed in Manhattan Supreme Court seeks at least $250 million in damages.

The complaint says that Trump's personal financial statements "for the period 2011 through 2021 were fraudulent and misleading in both their composition and presentation."

" The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year. All told, Mr. Trump, the Trump Organization, and the other Defendants, as part of a repeated pattern and common scheme, derived more than 200 false and misleading valuations of assets included in the 11 Statements covering 2011 through 2021."

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