There is a lawsuit alleging $250 million fraud

It seeks to bar the Trumps from serving as executives of any New York-based company.

Former president Donald Trump is accused in a lawsuit filed by New York Attorney General Letitia James.

In order to deceive lenders, he accused three of his grown children and 

Obtain better interest rates from bank loans and insurance policy

reduce their tax liability by working with insurance brokers and tax authorities.

James said "There cannot be different rules for different people in this country or in this state."