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Trump foe Latest York Attorney General Letitia James pronounces lawsuit

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[The stream has ended. Read CNBC’s full coverage of James’ lawsuit here.]

Latest York Attorney General Letitia James, who has been conducting a civil investigation of former President Donald Trump’s company, announced a serious lawsuit of Trump, three of his adult children and his company over widespread fraud claims.

James’ announcement comes nearly per week after The Latest York Times reported that she had rejected a suggestion from Trump’s lawyers to settle her probe of the Trump Organization, which relies in Manhattan.

James’ office was investigating the corporate for possibly fraudulently misstating the worth of assorted real estate assets to receive financial advantages in the shape of more favorable loan and insurance rates, and tax breaks.

Trump has repeatedly denied any wrongdoing and accused James, who’s a Democrat, of being motivated by politics to research the previous Republican president.

In August, Trump appeared for a deposition conducted by James’s lawyers. He invoked his Fifth Amendment right against self-incrimination greater than 440 times in refusing to reply questions under oath.

Donald Trump Jr., who runs the Trump Organization together with his brother Eric, answered questions from the investigators under oath earlier in August, as did their sister Ivanka Trump. Ivanka previously was an executive at the corporate.

Eric Trump invoked his Fifth Amendment right greater than 500 times when he was questioned under oath within the probe in October 2020, in line with a court filing in January.

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