Collateral damage aplenty in NYAG lawsuit against Trump Organization


If there is anything we have learned from the parade of lawsuits filed against former President Donald Trump over the years, it is that they hardly ever stick. But those around him often pay a price.

The latest example might be the 214-page complaint filed Wednesday by New York Attorney General Letitia James, which accuses Trump and his real estate company of overvaluing his assets for more than a decade to earn at least $250 million worth of ill-gotten financial benefits from banks and insurers.

The complaint accuses Trump of undervaluing assets to avoid paying his fair share of taxes. The complaint only makes civil claims; James referred her findings to both the U.S. Attorney’s Office for the Southern District of New York and the Internal Revenue Service (IRS) for criminal charges.

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