The New York Attorney General is filing a civil lawsuit against former President Trump for allegedly inflating his net worth. Letitia James says this is the result of a three-year investigation, alleging Trump and his family falsified business records, stretched asset valuations, and committed insurance fraud.
The lawsuit seeks a 250-million-dollar judgment that would also ban any member of the Trump family from leading a business in New York State. During a deposition last month, the former President pleaded the Fifth Amendment.
Trump’s lawyers say the lawsuit is merely a way for James to advance her political agenda. They also accuse her of an “abuse of authority” and add they’re looking forward to defending Trump.
Former U.S. Attorney General Bill Barr says the fact that James is going after Trump’s kids shows an abuse of power. Barr says Don Junior, Eric and Ivanka Trump would have no knowledge of personal financial statements the former President may have signed. Barr has been critical of Trump recently, slamming him for not accepting the election results and for allegedly storing classified documents at his Florida home.