Sep 22, 2022
Former President Donald Trump is facing his greatest legal peril yet, as New York Attorney General Letitia James filed a civil lawsuit Wednesday against Trump, three of his children and his family business for widespread financial fraud. The suit alleges they overvalued assets by billions of dollars in order to secure more favorable financial arrangements, then deflated those values to pay less in taxes. If the lawsuit is successful, the Trump Organization could be barred from conducting business in the state of New York. “He’s gotten away with this for decades. Now he’s going to have to answer in civil court,” says award-winning reporter David Cay Johnston, who has covered Trump for years. Also on Wednesday, a three-judge federal appeals panel, including two who were appointed by Trump, allowed the Justice Department to continue reviewing the documents seized by the FBI from Trump’s Mar-a-Lago estate.