Local lawyer explains what the New York lawsuit could mean for family business Trump

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PHILADELPHIA (TBEN) — In New York State, charges have been announced against former President Donald Trump and the Trump Organization. The attorney general alleges the former president misled banks by inflating property values.

Trump’s three oldest children and some corporate executives have also been charged. A Trump attorney called the filing a “political witch hunt” that is neither factual nor law-focused.

“Nobody, nobody is above the law,” said New York Attorney General Letitia James.

Earlier Wednesday, James filed a 220-page complaint alleging the former president and his children: Donald Jr, Ivanka and Eric participated in a years-long scheme that made them money by deceiving banks.

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“Claiming you have money you don’t is not the art of the deal, it’s the art of stealing, and there can’t be different rules for different people in this country and state,” James said.

“I think she’s discovered a big pot of worms in the last 16 years in terms of his practices,” attorney Keir Bradford-Grey said.

Bradford-Grey is a Philadelphia attorney who focuses on white-collar crime. She is not involved in this case.

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The former president and his company are alleged to have supplemented his wealth with billions of dollars and lied about the value of properties in New York, Washington DC and Chicago.

James demands $250 million and an end to their operations in the state.

“He can get all of these additional benefits, he can get higher insurance coverage, he’s able to pacify his pending laws because he’s misrepresenting how much money he actually has,” Bradford-Grey said.

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Bradford-Grey also expects Allen Weisselberg, the former chief financial officer of the Trump organization, to help the state’s cause. He pleaded guilty to defrauding the federal and state tax authorities. He agreed to five months in prison and to testify at trial.

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