NY sues Trump for $250 million

CNBC reports:

New York Attorney General Letitia James on Wednesday sued former President Donald Trump, the Trump Organization, three of his adult children and others for allegedly widespread fraud involving years’ worth of false financial statements related to the company’s business.

The 220-page civil lawsuit filed in Manhattan Supreme Court seeks at least $250 million in damages.

It also seeks to permanently bar Trump, Donald Trump Jr., Eric Trump and Ivanka Trump from serving as an officer of a company in New York, and permanently prohibit the Trump companies named in the suit from doing business in New York state.

James said she has asked federal prosecutors in Manhattan and the IRS to investigate Trump for possible federal crimes. She said that evidence obtained during her three-year civil probe of Trump indicated possible crimes of bank fraud and making false statements to financial institutions. …

James pointed to a Manhattan property listed in the lawsuit, 40 Wall St., as an example of that.

She said that the Trump Organization and Trump received appraisals from a bank calculating the value of that property at $200 million as of Aug. 1, 2010, and $220 million as of November 1, 2012.

But in Trump’s 2011 Statement of Financial Condition, 40 Wall St. was listed as having a value of $524 million. That valuation then increased to $527 million in Trump’s 2012 statement and to $530 million in the 2013 statement, or “more than twice the value calculated by the ‘professionals,’” the suit said

Can’t wait for the trial. Hopefully the defence will be better than Trump’s current efforts in the classified documents saga. Mediaite reports:

Donald Trump claimed the president of the United States can declassify government documents simply by declaring them as such, or “even by thinking about it.”

Declassification by mere thought!!