New York attorney general sues Trump and his children over alleged fraud – live

The New York attorney general Letitia James just announced a lawsuit against Donald Trump and his family, accusing them of fraudulently inflating their net worth by billions of dollars to get better terms on bank loans and other financial benefits.

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Here’s more fromthe Guardian’s Martin Pengelly on the suit, which presents the latest in the many legal threats facing the former president:

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The attorney general of New York state has filed a civil lawsuit against Donald Trump and members of his family, the culmination of a years-long investigation of financial practices at the Trump Organization.

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Letitia James announced the suit in New York on Wednesday.

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In a statement, the attorney general said the suit was filed “against Donald Trump, the Trump Organization, senior management and involved entities for engaging in years of financial fraud to obtain a host of economic benefits.

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“The lawsuit alleges that Donald Trump, with the help of his children Donald Trump Jr, Ivanka Trump and Eric Trump, and senior executives of the Trump Organization, falsely inflated his net worth by billions of dollars to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, induce insurers to provide insurance coverage for higher limits and lower premiums, and to gain tax benefits, among other things.”

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US president Joe Biden has taken the stage to address world leaders gathered at the United Nations in New York City, where he is expected to forcefully condemn Russia’s destructive invasion of Ukraine and call on the world to stand up against Moscow.

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The American leader’s speech before the UN’s first general assembly since Russia began its incursion comes hours after Russian president Vladimir Putin put the country’s people and economy on a war footing by announcing a partial mobilization, while also suggesting he was willing to use nuclear…