By Ariella Phillips, Kaanita Iyer and Curt Devine, CNN

New York Attorney General Letitia James on Wednesday filed a civil lawsuit for fraud against the former president donald trumpthree of his children and his business.

In more than 200 pagesthe lawsuit alleges that the defendants were involved in an extensive fraud spanning more than a decade which the former president used to enrich himself, and that the fraud affected all aspects of the Trump business, including his properties and its golf courses.

Here is a breakdown of some of the notable properties mentioned in the lawsuit:

1. Mar-a-Lago

The New York Attorney GeneralTrump’s lawsuit alleges Trump’s Mar-a-Lago property in Florida was appraised “up to $739 million based on the false premise that it was unrestricted property and could be developed and sold for residential purposes,” and continues, “In reality, the club generated annual revenues of less than $25 million and should have been valued at nearly $75 million.

2. Trump Tower

James said Trump inflated the square footage of his Trump Tower triplex apartment to misrepresent the value at more than $300 million. “Mr. Trump represented that his apartments were over 30,000 square feet, which was the basis for the valuation of the apartment. In reality, the apartment was less than 11,000 square feet in size. , which Mr. Trump was well aware of,” James said. “Based on that inflated square footage, the value of the apartment in 2015, in 2016, was $327 million. To date, no apartment in New York has ever sold for a price close to this amount.

3. Avenue Trump Park

Trump Park Avenue was valued in 2010 at around $72.5 million, according to the lawsuit. But Trump’s company claimed in later financial statements that the property was worth about $292 million, according to the lawsuit. The property near Central Park includes high-end residential units, commercial spaces and storage spaces.

4. Former Trump Post Office (now: Waldorf Astoria Washington DC)

James’ lawsuit accuses former President Donald Trump of using allegedly falsified financial statements in his and Ivanka Trump’s personal lawsuit to open a luxury hotel in Washington, D.C., in the years before he ran for president . He has become a hub for his supporters and close contacts, and bookings have increased due to the connection with the incumbent president.

5. Trump International Hotel and Tower – Las Vegas, Nevada

The Trump Hotel in Las Vegas — a hotel condominium that Trump owns half of — had misleading financial statements between 2013 and 2021, the lawsuit claims, due to revenue projections based on the sale of residential units that assumed prices were high. higher than what the units were selling for, among other reasons.

6. 40 Wall Street

James also pointed to what she says happened at 40 Wall Street, a property in New York’s Financial District, which is referenced dozens of times in the lawsuit. Trump’s company obtained appraisals for the property in 2010 and 2012, which found it to be worth $200 million and $220 million, respectively, according to the lawsuit. But Trump’s company has repeatedly claimed the property was worth significantly more in its official financial statements, according to the lawsuit.

7. Trump Golf Courses

The lawsuit argues that the Trump Organization also used a variety of deceptive or inappropriate methods to inflate the value of Trump’s golf courses. For example, the organization added 30% to the value of various golf courses to account for a Trump “brand bonus,” despite what the lawsuit describes as rules against such practices. Trump claimed a club, Trump National Golf Club, Jupiter, bought for $5 million in 2012, which reached a value of $62 million in 2013.

8. License Agreements

Many Trump Organization businesses involve licensing agreements, in which another party owns the property and pays Trump to use his trademark. The lawsuit alleges that Trump’s activity inflated the value of his overall licensing business by including “speculative and non-existent deals” between 2015 and 2018. Some of those speculative deals involved potential overseas deals. The lawsuit argues that including them in the 2016 and 2017 assessments was misleading because the Trump Organization allegedly stopped seeking foreign deals after Trump took office. The value of the licensing agreements was further enhanced by the inclusion of agreements between business entities belonging to the Trump Organization, according to the suit. According to the Trump Organization’s former chief financial officer, Allen Weisselberg, “licensing was generally handled by Ivanka” and brothers Donald Trump Jr. and Eric Trump were well aware of the actual revenue from licensing in general, according to the lawsuit.

The-CNN-Wire
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CNN’s Marshall Cohen, Katelyn Polantz and Tierney Sneed contributed to this report.

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