Letitia James' 'major announcement' prompts Trump fraud lawsuit speculation

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Letitia James' 'major announcement' prompts Trump fraud lawsuit speculation
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Letitia James' 'Major Announcement' has been pushed back an hour.

reported last week that James' office is also considering suing at least one of Trump's three children, who have all worked at The Trump Organization.tweeted

:"Trump tried to settle a civil case and James rebuffed, so that seems the most likely; and it could well include the Trump kids. Plus possibility it's coupled with a criminal referral to the NY AG. He's taking some serious lumps already.", Politico's senior legal affairs reporter Josh Gerstein also suggested James' announcement will be a civil case on behalf of New York against The Trump Organization.

"She doesn't have a lot of criminal jurisdiction. So it sounds most likely like this is the long advertised massive civil suit over tax fraud, insurance fraud and similar issues that she has been advertising for some time," Gerstein said. Discussing why a civil suit from James' office could be the"most important legal challenge Trump faces" author Kurt Eichenwald

"Bank loans would dry up. Liquidity of company would dry up. Whole firm could collapse. Trump would lose everything. And even as president, he could do nothing to stop it."

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