NY: Massive fraud suit filed against Trump Family

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Following a three-year investigation into the family business' finances,

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New York Attorney General Letitia James on Wednesday charged former President Donald Trump

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with a "astounding" pattern of fraud in a civil lawsuit.

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The extraordinary lawsuit, which names Donald Trump Jr., Ivanka Trump, and Eric Trump,

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seeks to shut down the Trump Organization effectively.

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According to the lawsuit, Trump inflated his net worth by billions with the help of his children

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and Trump Organization senior executives for banks to lend money on more favourable terms.

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According to James, she has referred specific allegations to federal authorities for possible criminal investigation.

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This suit seeks A five-year attempt to prevent Trump and the Trump Organization

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from acquiring commercial real estate in New York, $250 million in fines,

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and a lifetime ban on Trump from operating businesses in the city.

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