New York AG: Investigation found evidence of Trump business fraud

The New York attorney general's office said in court filings late Tuesday that it has found "significant" evidence that former President Trump's company committed fraud, and asked a state judge to order Trump and two of his children to testify in the investigation.

Over the past year, the attorney general's office said in its filings, the investigation "has developed significant additional evidence indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions."

New York Attorney General Letitia James (D) has outlined the focus of her office's probe in recent years, but the filings on Tuesday mark the first time that the state's top law enforcer has leveled any accusations of wrongdoing. James said that the investigation is ongoing and there has been no final determination of whether to charge the company with fraud.

"The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them," James said in a statement. "We will not be deterred in our efforts to continue this investigation and ensure that no one is above the law.”

James said the evidence warrants further investigation.