Trump Accused Of Vast Fraud In N.Y Suit

September 22, 2022 4:25 am

NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that seeks to permanently disrupt the Republican’s ability to do business in the state. Attorney General Letitia James dubbed it “The art of the steal.” The lawsuit, filed in state court in Manhattan, is the culmination of the Democrat’s three-year civil investigation into Trump and the Trump Organization. Trump’s three eldest children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two longtime company executives. In its 222 pages, the suit struck at the core of what made Trump famous, taking a blacklight to the image of wealth and opulence he’s embraced throughout his career — first as a real estate developer, then as a reality TV host on “The Apprentice” and later as president. t details dozens of instances of alleged fraud, many involving claims made on annual financial statements that Trump would give to banks, business associates and financial magazines as proof of his riches as he sought loans and deals.