New York Attorney General Letitia filed Wednesday a $250 million lawsuit against Donald Trump, his three adult children, Donald Trump Jr., Ivanka Trump, and Eric Trump, and the Trump Organization. 

The 220-page civil suit, filed in Manhattan Supreme Court, alleges “staggering” fraud in the family’s real estate business. It accuses the former U.S. President, with the help of his children and top executives at the Trump Organization, of fraudulently inflating the value of his assets to allegedly obtain “favorable” loans and tax benefits, according to the New York Post.

The probe was a civil one but, per reports, James said she referred the case to the Internal Revenue Service and the federal prosecutors in the Southern District of New York for possible criminal investigation.

The publication later quoted the New York Attorney General from a news conference, alleging, “Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself, and cheat the system, thereby cheating all of us.”

It continues, “Claiming you have money that you do not have does not amount to the art of the deal, it’s the art of the steal.”

Elsewhere in the statement at the said news conference, Letitia James reportedly added, “Mr. Trump thought he could get away with the art of the steal, but today, that conduct ends."

"There aren’t two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans.”

The publication continued that the New York Attorney General and her office opened an investigation into the Trump Organization in 2019. As noted, it came after Donald Trump’s one-time personal lawyer Michael Cohen told Congress that the now-former U.S. leader exaggerated company assets for various purposes, like loan, insurance, and tax.

In 2020, Letitia James filed a suit, claiming Eric Trump and the Trump Organization were “stonewalling” the investigation. The former U.S. President and his two other children, Don Jr. and Ivanka Trump, have since been added to the case.

At the recent news conference, the AG said her office uncovered possible criminal violations following a three-year probe. These reportedly include bank fraud, insurance fraud, issuing false financial statements, falsifying business records, and conspiracy.

USA Today, in a similar report, said the lawsuit seeks $250 million in penalties. It also looks for a permanent ban on Donald Trump, Donald Trump Jr., Ivanka Trump, and Eric Trump from running businesses in New York.

In addition, the suit is said to attempt to block the former U.S. President and the Trump Organization from making real estate deals in New York for five years.