
Letitia James on Wednesday said the Trump Organisation is basically a sham as she slammed a 300-page lawsuit on former President Donald Trump, his children, alleging they were involved in far-reaching fraud lasting over a decade which the former President used to enrich himself.
In nearly 300-page lawsuit, Attorney General Letitia James, alleged that the fraud touched all aspects of the Trump business, including its properties and golf courses.
It is alleged that the Trump Organization misled lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals.
“These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual Statement, and were approved at the highest levels of the Trump Organization — including by Mr. Trump himself,” the lawsuit stated.