As well as demanding the Trump entities pay back lenders $250 million in ill-gotten proceeds, James said her office made a referral for criminal prosecution to the IRS and the Southern District of New York.
Nick Biase, a spokesman for U.S. Attorney Damian Williams, said the federal prosecutor’s office was aware of the AG’s referral and declined to comment further.
Reached by the New York Daily News, Michael Cohen, a former Trump attorney and fixer who served three years in federal custody for his work for Trump, said he felt validated after a journey filled with “pain, sadness and anger.”
“Today’s announcement makes it all worth it,” Cohen said.
The AG’s office deposed Trump and three of his adult children in the probe, with the former president and Eric invoking their Fifth Amendment right hundreds of times under questioning. During the investigation, Trump was held in civil contempt and fined $110,000 for failing to meet deadlines.
The AG’s civil probe ran parallel to a criminal investigation into Trump’s business practices brought by the Manhattan district attorney. James and Manhattan DA Alvin Bragg’s office have shared evidence in their respective investigations.
The DA’s case against the Trump Organization is headed to trial next month. Weisselberg pleaded guilty to criminal charges in that case in August, admitting to engaging in a 15-year scheme with the company. His plea deal requires him to testify against the Trump Organization at trial.
Bragg said the criminal investigation into Trump, the Trump Organization, and its leadership was “active and ongoing.”
On Wednesday, James said she was only “scratching the surface” as she detailed scheme after scheme related to Trump-owned properties across the country.
Investigators scrutinized numerous assets in the probe, including Trump’s sprawling estate in Westchester County, Trump Park Avenue, Trump’s 70-story skyscraper at 40 Wall St. in lower Manhattan and his golf course in Scotland.