"New York Law Poses Threat of Harsh Punishment for Trump"

In a civil fraud case brought by Attorney General Letitia James, a little-known New York law, 63(12), could result in harsh financial penalties for former President Donald Trump, potentially amounting to hundreds of millions of dollars and imposing new restrictions on his family business. The law has been used by James's office to target various corporate entities, and in the Trump case, it alleges that he inflated his net worth to obtain favorable loans, thereby defrauding his lenders and undermining the integrity of New York's business world.