**FILE** Former President Donald Trump could face up to 10 years in prison if he’s found guilty of having violated the Espionage Act. (Gage Skidmore via Wikimedia Commons)
**FILE** Former President Donald Trump (Gage Skidmore via Wikimedia Commons)

New York Attorney General Letitia James on Wednesday filed a massive civil lawsuit against Donald Trump, his three eldest children and the Trump Organization, laying out the “staggering fraud” she said the former president and his family committed for more than a decade.

During a highly anticipated news conference, James said Trump and his children Eric, Ivanka and Donald Jr. all repeatedly lied and made false claims to lending corporations and insurance agents.

She alleged the family overvalued Trump’s assets by billions of dollars.

James wants to stop Trump and his family from ever doing business in New York again.

“These acts of fraud and misrepresentation were similar in nature, were committed by upper management at the Trump Organization as part of a common endeavor for each annual statement and were approved at the highest levels of the Trump Organization – including by Mr. Trump himself,” James said.

She concluded that Trump, his family and his business violated numerous state and federal laws, but conceded that her office doesn’t have the authority to file criminal charges.

James did refer her findings to the U.S. attorney’s office in New York.

With the civil lawsuit, James seeks the return of $250 million in funds she said Trump obtained illegally.

In the 220-page lawsuit, James alleged that Trump’s annual financial statements were false and included records that greatly inflated the family’s wealth and the company’s estimated holdings.

She said the worth of all his major properties, including the Mar-a-Lago Estate in Florida and Trump Tower in New York, were “wildly inflated.”

To help underscore her allegation, James used Trump’s apartment at Trump Tower to demonstrate that the family’s filings weren’t mistakenly overstated.

“The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year,” James said. “[Trump] ignored independent appraisals of their properties and listed them as being worth hundreds of millions more than was reported by those outside assessors.”

James began investigating Trump during his presidency. The investigation gained momentum after Trump’s attorney Michael Cohen told a congressional committee that Trump inflated the value of some of his assets to get loans and insurance.

Cohen said Trump undervalued some things to score tax benefits.

The Trump Organization also allegedly engaged in a 15-year tax fraud scheme and faces trial in New York in October.

Trump’s CFO Allen Weisselberg has pleaded guilty for his role in the scam and agreed to testify against his boss’s real estate company.

Reportedly, the Trump Organization offered to settle with James to stop the lawsuit, but the attorney general said she wasn’t interested in a deal.

Trump’s predicament is much like that of former Detroit Mayor Kwame Kilpatrick and former D.C. Council member Kwame Brown.

In 2012, Brown was sentenced to one day in jail, six months home detention and 480 hours of community service after pleading guilty to federal bank fraud charges.

Brown also pleaded guilty to a campaign finance violation. He admitted providing false documentation to secure two personal loans, totaling more than $220,000.

In the campaign finance case, he admitted aiding and abetting another individual, a relative, to make a cash payment of $1,500 to a campaign worker for his 2008 council bid.

“Kwame Brown squandered his bright political future and an opportunity to be a role model for the district’s youth,” said then-U.S. Attorney Ronald Machen. “His greed and ambition led him to forge documents and break the laws governing campaign spending.”

In 2013, Kilpatrick received a 28-year federal prison sentence after a jury convicted him of racketeering, bribery, fraud and extortion.

Ironically, Trump commuted Kilpatrick’s sentence, enabling the former mayor to get out of prison after serving just eight years.

Stacy M. Brown is a senior writer for The Washington Informer and the senior national correspondent for the Black Press of America. Stacy has more than 25 years of journalism experience and has authored...

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