NY AG James files $250 million civil lawsuit against Trump and family over alleged business fraud

New York Attorney General Letitia James (D) seemingly campaigned for office in 2018 on just one thing — going after then-President Donald Trump in any manner possible — and her time in office since then has indeed been almost singularly focused on that effort to “get Trump.”

The latest attempt to “get Trump” was unveiled Wednesday as a $250 million civil lawsuit filed against the former president, his three grown children, and other top executives of the Trump Organization, Breitbart reported.

That suit, which essentially seeks to bar Trump and his family business from operating in New York, revolves around allegations that Trump and others deliberately manipulated and fraudulently inflated or deflated the value of various properties in order to obtain more favorable terms for bank loans, insurance policies, and tax benefits or liabilities.

AG James makes her claims against Trump

Attorney General James said in a statement, “For too long, powerful, wealthy people in this country have operated as if the rules do not apply to them. Donald Trump stands out as among the most egregious examples of this misconduct.”

“With the help of his children and senior executives at the Trump Organization, Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system. The very foundation of his purported net worth is rooted in incredible fraud and illegality,” she continued.

“Mr. Trump thought he could get away with the art of the steal, but today, that conduct ends,” James added. “There are not two sets of laws for people in this country; we must hold former presidents to the same standards as everyday Americans. I will continue to ensure that no one is able to evade the law, because no one is above it.”

The suit would effectively bar Trump Org from operating in New York

The Washington Post reported that the 222-page civil lawsuit seeks to bar former President Trump and his three grown children — Don Jr., Ivanka, and Eric — from holding any sort of executive position in the state, to prohibit the Trump Organization from purchasing any commercial real estate or obtain any loans in the state for five years, and to recover at least $250 million in alleged “ill-gotten gains” derived from alleged “deceptive practices.”

In response to the lawsuit, Trump attorney Alina Habba said in a statement, “Today’s filing is neither focused on the facts nor the law — rather, it is solely focused on advancing the Attorney General’s political agenda.”

“We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims,” she added.

The anti-Trump “witch hunt” continues

It is perhaps noteworthy that AG James filed a civil suit instead of criminal charges related to the alleged fraud, but The Post reported that James claimed to have made criminal referrals to the federal Justice Department and IRS, and has also provided assistance and information to a parallel criminal investigation into the same allegations in the Manhattan district attorney’s office.

Regardless, it is overtly apparent that this lawsuit from James is politically motivated and merely the latest iteration of the years-long incessant “witch hunt” that she and others have mounted against the former president, his family, and his business.

Even former Attorney General Bill Barr, who has made it quite clear that he is no longer supportive of his former boss, said on Fox News, according to The Post, that “It’s hard for me not to conclude it’s a political hit job,” and added, “This was a woman who campaigned for office promising she was going to go after Trump.”

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