The office of the New York Attorney General believes it has uncovered federal crimes by Donald Trump and others.
Federal prosecutors in Manhattan and the IRS have been referred to by James.
James announced a civil lawsuit accusing Trump, three of his adult children and some of his business associates of submitting years of fraudulent financial statements in order to achieve various financial benefits.
James said that the conduct alleged in this action also violates federal criminal law, including issuing false statements to financial institutions.
The United States Attorney for the Southern District of New York and the Internal Revenue Service have been referred to by James.
The lawsuit was filed in the Manhattan Supreme Court. It wants to permanently bar Donald Trump, Donald Trump Jr., Eric Trump and Ivanka Trump from being officers of a company in New York.
James said the defendants manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms. James said that they did this to pay lower taxes and to get insurance companies to agree to more beneficial terms.
There are seven causes of action listed in the complaint that fall under the New York Penal Code.
A spokesman for the Manhattan federal prosecutors' office said they were aware of the New York Attorney General's referral.
James was accused by Habba of filing the civil lawsuit to advance her political agenda.
Habba said that the Attorney General's Office has overstepped its authority by snooping into transactions.
She said that they look forward to defending their client against all of the Attorney General's meritless claims.
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