Letitia James, New York attorney-general, said on Wednesday she had filed a lawsuit against Donald Trump for “engaging in years of financial fraud to enrich himself, his family and the Trump Organization”.
James said New York was seeking to make Trump pay $250mn while banning his family from running businesses in the state, adding that her office would make a criminal referral to the US Department of Justice.
“With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes,” James wrote on Twitter.
“There aren’t two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans,” she added.
This is a developing story. More to come.