New York Attorney General Letitia James has announced a lawsuit for $250 million against Donald Trump. In addition to the money, James is seeking to have the former commander in chief and his children barred “from buying commercial real estate in New York for five years” and banned “from running New York businesses for good.” James explained her actions in a press conference that was live streamed on the official social media accounts for her government office. (AP Photo/Brittainy Newman)

By Stacy M. Brown,
NNPA Newswire Senior National Correspondent,

New York Attorney General Letitia James filed a massive civil lawsuit against Donald Trump, his three eldest children and the Trump Organization, on Sept. 21. Attorney James laid out the “staggering fraud” case she said the former president and his family committed for more than a decade. 

During a highly anticipated news conference, James said Trump and his children Eric, Ivanka and Donald Jr. all repeatedly lied and made false claims to lending corporations and insurance agents.

She alleged the family overvalued Trump’s assets by billions of dollars. James wants to stop Trump and his family from ever doing business in New York again.

“These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual statement and were approved at the highest levels of the Trump Organization – including by Mr. Trump himself,” James said.

She concluded that Trump, his family and his business violated numerous state and federal laws, but conceded that her office doesn’t have the authority to file criminal charges.

James did refer her findings to the U.S. attorney’s office in New York.

Former Judge Wilbur Trammell, of Buffalo, N.Y., said that when he heard the announcement of the lawsuit and James’ reasoning, he was “amazed that it was so detailed and thorough and relevant.” 

“I don’t think there will be any doubt that she will yield a positive result,” he said, when asked if he thought James would get everything she is seeking.

According to Trammell, accountability could be near for the former president between Attorney General James’ lawsuit, Fulton County District Attorney Fani Willis’ investigation into Trump’s actions after he lost the 2020 election, and the Select Committee hearings on the Jan. 6 attack, led by Chairman Bennie G. Thompson (D-MS). 

“Descendants of slaves are the saviors of democracy,” said Trammell, of James, Willis and Thompson’s courage to take action. 

With the civil lawsuit, James seeks the return of $250 million in funds she said Trump obtained illegally.

In the 220-page lawsuit, James alleged that Trump’s annual financial statements were false and included records that greatly inflated the family’s wealth and the company’s estimated holdings.

She said the worth of all his major properties, including the Mar-a-Lago Estate in Florida and Trump Tower in New York, were “wildly inflated.”

To help underscore her allegation, James used Trump’s apartment at Trump Tower to demonstrate that the family’s filings weren’t mistakenly overstated.

“The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year,” James said. “[Trump] ignored independent appraisals of their properties and listed them as being worth hundreds of millions more than was reported by those outside assessors.”

James began investigating Trump during his presidency. The investigation gained momentum after Trump’s attorney Michael Cohen told a congressional committee that Trump inflated the value of some of his assets to get loans and insurance.

Cohen said Trump undervalued some things to score tax benefits.

The Trump Organization also allegedly engaged in a 15-year tax fraud scheme and faces trial in New York in October.

Trump’s CFO Allen Weisselberg has pleaded guilty for his role in the scam and agreed to testify against his boss’s real estate company.

Reportedly, the Trump Organization offered to settle with James to stop the lawsuit, but the attorney general said she wasn’t interested in a deal.

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