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New York Attorney General Letitia James is suing Donald Trump, his three eldest children, and their company for $250,000,000, alleging a decade-long fraud. The 220-page lawsuit accuses Trump of preparing hundreds of fraudulent financial statements, inflating the value of nearly every major property he owns.
James alleges Trump's company claimed a dozen rent-stabilized apartments were worth $49,500,000 when appraised at $750,000, and that a New York property was declared to be worth $524,000,000, even though an appraiser valued it at $200,000,000. James is seeking to recover $250,000,000 in allegedly unlawful profits and a permanent ban on Trump and his children from leading any New York company. She stated that claiming to have money that you do not have is the "art of the steal," and that former presidents are not exempt from the law.