NY Attorney General files lawsuit against Trump, alleges misappropriation of funds

New York Attorney General, Letitia James, has filed a lawsuit against the former United States President, Donald Trump.

While disclosing this on Wednesday September 21, 2022, James alleged misappropriation of funds during Trump’s administration.

According to her, the former US president unlawfully enriched himself and his family.

“I filed a lawsuit against Donald Trump for engaging in years of financial fraud to enrich himself, his family, and the Trump Organization,” she said.

She stressed that the country has no two sets of laws for people.

“Former presidents must be held to the same standards as everyday Americans.”

James therefore urged the court to make Trump pay $250 million.

She also asked that Trump be banned from running New York businesses for good.

“Ban Trump and the Trump Organization from buying commercial real estate in New York for 5 years,” she said.

She added, “We’re making a criminal referral to the U.S. Department of Justice. With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes.”

The Attorney General noted that Trump lied to gain massive financial benefits for himself.

“We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements.

“These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage.

“Trump’s crimes are not victimless. When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers,” she stated.