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New York attorney general sues Trump for financial fraud

Then U.S. President Donald Trump walks on the South Lawn heading for the Marine One departing from the White House in Washington D.C., the United States, on March 29, 2018. (Xinhua/Ting Shen)

Attorney General Letitia James accused former U.S. President Donald Trump of "engaging in years of financial fraud to enrich himself, his family, and the Trump Organization."

WASHINGTON, Sept. 21 (Xinhua) -- The attorney general of the U.S. state of New York filed a lawsuit on Wednesday against former U.S. President Donald Trump for alleged financial fraud.

Attorney General Letitia James accused Trump of "engaging in years of financial fraud to enrich himself, his family, and the Trump Organization."

James tweeted they had found Trump, his family, and his business used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements.

"These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage," James, a Democrat, also wrote.

Trump, a Republican, who served as U.S. president from 2017 to 2021, has frequently lashed out at James for the inquiry into him and his business. ■