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Trump sued by New York over ‘fraudulent’ asset valuations

Erik Larson and Bob Van Voris

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New York | Donald Trump and three of his children were sued for inflating the value of his real estate company’s assets, the culmination of a years-long probe by the New York attorney-general into the former president.

Attorney-General Letitia James filed the suit on Wednesday (Thursday AEST) in New York state court, naming Mr Trump, the Trump Organisation, and Donald Trump jnr, Ivanka Trump and Eric Trump, who are senior executives at the company. Ms James is seeking penalties including a permanent ban on the four Trumps running companies in New York, their home state.

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    Original URL: https://www.afr.com/world/north-america/trump-sued-by-new-york-over-fraudulent-asset-valuations-20220922-p5bk13