- The lawsuit announced Wednesday does not carry criminal penalties.
- But findings are being referred to Internal Revenue Service and federal prosecutors in Manhattan.
- The New York AG seeks $250 million in penalties.
The New York attorney general’s lawsuit accusing former President Donald Trump and three of his children of perpetrating a decade-long fraud scheme carries no criminal penalties.
Yet the extraordinary civil action, which seeks $250 million in penalties, could open new avenues of criminal inquiry by federal authorities already involved in a multi-pronged examination of Trump’s conduct.