Following a New York probe into their family company, a fraud lawsuit has been filed against Donald Trump and three of his children.
It asserts that between 2011 and 2021, the Trump Organization committed “numerous” acts of fraud.
Letitia James, the attorney general of New York, is seeking a judge to ban Trump and his kids from holding executive or director positions in any New York-based company.
The Trump Organization has refuted any impropriety.
James said that Trump and the Trump Organization overstated his net worth by “billions” of dollars in order to unfairly benefit himself and “cheat the system”.
The declaration follows James’ rejection of the final offer to end the protracted civil probe into the firm’s business activities.
James is also seeking a ban on the Trump Organization from doing more real estate deals in the state.
She continued by saying that the Internal Revenue Service and federal prosecutors are being referred to various criminal accusations.
Along with Donald Trump, James accused his three eldest children, Eric, Ivanka, and Donald Trump Jr., of participating in the plan.
James said they want to recover the $250m that resulted from the fraud.