New York Attorney General Letitia James says Trump committed crimes, asks federal prosecutors and IRS to investigate

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  • New York Attorney General Letitia James’ office sent a criminal referral to US prosecutors in Manhattan and the IRS about possible federal crimes during an investigation into Donald Trump, his business and family members.
  • James said potential violations of federal law include bank fraud and making false statements to financial institutions.
  • The AG’s office also announced a civil lawsuit accusing Trump, his three adult children, his business and others of submitting fraudulent financial statements over the years.

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New York Attorney General Letitia James said Wednesday that her office believes it has uncovered federal crimes committed by former President Donald Trump and others, including bank fraud and lying to financial institutions. .

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James said his office sent a criminal referral to federal prosecutors in Manhattan and the IRS.

The revelation of possible federal crimes by the former president comes after James announced a civil trial accusing Trump, his three adult children and some of his longtime business associates of fraudulently submitting financial statements to obtain various financial gains. Of.

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“We believe that the conduct alleged in this action also violates federal criminal law,” James said, “including issuing false statements to financial institutions and bank fraud.”

“We are referring to the criminal violations that we have uncovered to the United States Attorney for the Southern District of New York and the Internal Revenue Service,” James said in a press conference.

The 220-page civil lawsuit, filed Wednesday in Manhattan Supreme Court, seeks at least $250 million in damages. It seeks to permanently bar Trump, Donald Trump Jr., Eric Trump and Ivanka Trump from serving as executives of a company in New York, and permanently ban the Trump companies named in the suit from doing business in the state. Is.

James said Wednesday morning that the defendants “repeatedly and consistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms”. They did this “to pay less taxes,” as well as complete loan agreements and get insurance companies to agree to more beneficial terms, James said.

Seven reasons for action listed in the complaint – persistent and repeated fraud, falsifying business records, conspiracy to falsify business records, issuing false financial statements, conspiracy to falsify false financial statements, insurance fraud and insurance Fraud conspiracy – all fall under it. New York Penal Code.

“We are aware of the New York Attorney General’s referral, and declined to comment further,” a spokesman for the Manhattan federal prosecutors’ office told NBC News.

Trump’s lawyer, Alina Habba, in a statement Wednesday accused James of filing a civil suit to advance his “political agenda.”

“It is absolutely clear that the Attorney General’s office has exceeded its statutory authority by manipulating transactions where no wrong has been committed,” Habba said.

“We are confident that our judicial system will not stand up to this unchecked abuse of authority, and we look forward to defending our client against every single baseless claim by the Attorney General,” she said.

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