New York Attorney General Letitia James is seeking more than $370 million from former President Donald Trump and his co-defendants in their highly publicized civil fraud trial.
James demanded the financial penalty as payment for profits she claimed were ill-gotten, according to a court document filed Friday.
The attorney general argues: “The conclusion that the defendants intended to defraud in preparing and certifying Trump’s SFCs is inescapable; the countless deceptive schemes they employed to inflate asset values and conceal facts were so scandalous as to belie an explanation innocent”.
In September, Engoron ruled that Trump and the Trump Organization had committed fraud as he built his real estate empire, deceiving banks, insurers and others, overvaluing his assets and exaggerating his net worth in the paperwork used to do business and obtain financing.
“The countless deceptive schemes they employed to inflate asset values and conceal facts were so outrageous as to belie an innocent explanation,” James wrote.
Trump and his family have denied any wrongdoing and have claimed that the former president has repeatedly said his assets were actually undervalued.
Fox News Digital’s Stepheny Price and Maria Paronich contributed to this report.
