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Day 610

1/ New York Attorney General Letitia James sued Trump, Trump Jr., Ivanka Trump, Eric Trump, and executives at the Trump Organization. In the more than 200-page lawsuit, James alleges that the Trumps enriched themselves through “numerous acts of fraud and misrepresentations” for more than a decade by “grossly” inflating Trump’s net worth by billions of dollars and deceiving lenders, insurers, and tax authorities with false and misleading financial statements. “For too long, powerful, wealthy people in this country have operated as if the rules do not apply to them,” James said in a statement. “Donald Trump stands out as among the most egregious examples of this misconduct. With the help of his children and senior executives at the Trump Organization, Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system.” The civil lawsuit seeks to permanently bar the Trumps from ever running a business in the state again and about $250 million in penalties. In addition, James said she believes Trump and his family business violated several state criminal laws and “plausibly” broke federal criminal laws as well. Her office has referred the matter to federal prosecutors in Manhattan and the IRS. “The pattern of fraud that was used by Mr. Trump and the Trump organization was astounding,” James added. (New York Times/ CNN / Politico / Washington Post / Wall Street Journal / NBC News / NPR / Axios / Bloomberg / ABC News)

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