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Donald Trump's company is accused of inflating the value of assets in order to cheat banks.
According to documents filed by the New York attorney general, Donald Trump's family business overstated the value of some of its biggest assets by hundreds of millions of dollars.
The Trump Organization is accused of using "fraudulent or misleading asset valuations" to get loans, insurance and tax breaks.
Ms James is trying to get Mr Trump to testify in her civil investigation.
Mr Trump denied any wrongdoing.
The investigation into the former president's business practices was politically motivated, according to the former president.
She opened a civil inquiry into the claims that Mr Trump inflated the value of his assets before he took office.
Mr Trump's lawyers are trying to stop Ms James from questioning the former president and his children, and he has sued her to try to halt the probe.
An ongoing criminal investigation in Manhattan into the organisation's business practices is unrelated to Ms James's civil case.
The allegations against the Trump Organization have been detailed with specific examples in her latest court filing.
They include six properties in New York and Scotland.
In 2012 his large property in Westchester county, north of Manhattan, was valued by the Trump Organization at $291m, but an appraisal in 2016 valued it at just $56m.
The attorney general claims that Mr Trump's lavish three-storey penthouse in New York's Trump Tower was valued based on a size of 30,000 sq ft, but it is actually 10,996 sq ft.
According to the court filing, at least two false statements were made to the IRS that overstated the value of two properties to get a tax break.
The Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, according to Ms James.
The New York attorney general is taking legal action against the former president, Donald Trump Jr and his daughter, to force them to testify and answer questions as part of the civil investigation.
Ms James said that no one in this country can decide if or how the law applies to the Trumps.
We will not be deterred in our efforts to uncover the facts and pursue justice even if Mr. Trump and his family try to stop us.
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