Lawsuit accuses former US president, who has denied wrongdoing, of ‘quite a few acts of fraud and misrepresentation’.

The legal professional normal for the US state of New York has filed a lawsuit in opposition to Donald Trump, accusing the previous United States president of unlawfully inflating his internet price to acquire thousands and thousands of {dollars} in loans and different advantages.

The lawsuit, filed in a New York state court docket in Manhattan on Wednesday, accused the Trump Group of participating in “quite a few acts of fraud and misrepresentation” in making ready Trump’s annual statements of monetary situation from 2011 to 2021.

It additionally named the Trump Group, the previous president’s sons Donald Trump Jr and Eric Trump, and his daughter Ivanka Trump as defendants.

With the assistance of his kids, “Trump variously unlawfully inflated and deflated his internet price by billions to acquire and fulfill loans, get insurance coverage advantages, and pay decrease taxes”, New York Lawyer Basic Letitia James stated on Twitter.

“In brief, he lied to realize large monetary advantages for himself.”

The Republican former president has denied any wrongdoing and described James’ investigation into his enterprise practices as a politically motivated witch hunt. The Trump Group has known as James’ allegations “baseless.”

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