New York prosecutor sues Donald Trump and his children for fraud

New York State Attorney General, Letitia Jamesannounced this Wednesday civil lawsuits against the former US president Donald Trump and three of his children after investigating the tax practices of his business group, the Trump Organization.

“We are taking legal action against Donald Trump for breaking the law … in order to generate profit for himself, his family and his business,” the prosecutor said at a news conference.

James specified that seeks $250 million in reparations on behalf of the state of New York, as well as corporate bans on Donald Trump and his children Donald Trump Jr., Ivanka Trump y Eric Trump.

The civil investigation against the Trump Organization was opened following the testimony before Congress of Michael Cohena former personal lawyer for Trump.

Cohen claimed that fraudulent valuations of the organization’s assets were made, both up and down, to obtain loans, lower taxes or better insurance compensation.

In addition to the lawsuits from the New York State Attorney’s Office, there are several ongoing investigations into Trump, including one into official files held by the former president that led to an FBI search of the Republican mogul’s residence in Mar- a-Lake in Florida.

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