New York attorney general accuses ex-president of using false and misleading financial statements and argues he owes at least $250m
Donald Trump arrived at a New York court just a few miles south of Trump Tower on Monday for the first day of a fraud trial that could see the former president and his family business paying hundreds of millions of dollars in damages and that has already threatened to end his business career in the city where it started.
The New York attorney general, Letitia James, has accused Trump of using false and misleading financial statements from 2011 to 2021 to make himself and his businesses wealthier, helping him broker deals and obtain financing. Based on her office’s three-year investigation, James is arguing that Trump owes at least $250m for committing fraud.
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