Welcome to the beat. I am Ari Melba. We have this breaking news on legal action hitting Trump.

New York Attorney General Letitia James today suing Donald Trump, three of his children, and his entire company.

This is new. It builds on things you've heard about, but it is a culmination of this investigation she has so doggedly pursued.

We're going to get into it with our

experts. Let me tell you, James is saying Trump has committed, quote, staggering fraud, that he lied

about the value of his properties, that he lied to the authorities, that he lied in financial statements,

that he did it for over a decade, and that he furnished, and this matters for the law, false

information to banks, insurance companies, as well as state authorities, and that he furnished, and this matters for the law, false information to banks,

insurance companies, as well as state authorities, and then he would try to get favorable

loans and cheat on his taxes.

Patent of fraud and deception that was used by Mr. Trump and the Trump organization for their

own financial benefit is astounding.

Claiming you have money that you do not have does not amount to the art of the deal.

It's the art of the steel.

And there cannot be different rules for different people in this country or in this state.

And former presidents are no different.

No one is above the law.

That is the statement.

That is the Attorney General who has proven so aggressive in so many cases,

without fear of favor, she's pursued people in both parties.

And while the nature of her work

means that some of this is vaguely familiar, especially to people in New York and people who follow

...