NY Attorney General files $250 million fraud lawsuit alleging decades of financial deception

New York Attorney General Letitia James filed a $250 million civil fraud lawsuit against Trump, his three adult children, and the Trump Organization alleging a decade-long scheme to inflate Trump's net worth by billions to obtain favorable loans, insurance rates, and tax benefits. The 222-page complaint accused Trump of overvaluing assets such as Mar-a-Lago, Trump Tower, and golf courses and alleged inflation of net worth by as much as $2.2 billion in a single year. The suit sought to bar Trump and his children from serving as officers of New York companies, ban Trump Org from acquiring NY real estate for five years, and recover $250 million. The filing represented a major legal escalation challenging Trump's business empire.