New York Attorney General Letitia James has sued former President Donald Trump and his company, accusing them of years of fraud to financially benefit by lying about the value of his properties.

Three Hudson Valley properties were named in the civil lawsuit, including Seven Springs Estate in Bedford and two Trump National Golf Clubs in Briarcliff and Hopewell Junction.

Trump, his three oldest kids, and his organization are accused of inflating the perceived value of certain properties when it benefitted them, while downplaying the values of other assets for tax breaks.

"This is an example of somebody thinking above the law and they can get away with anything they want to because of who they are and the status that they hold in society," says Bennett Gershman, law professor at Pace University. 

Trump has denied the allegations from the start.

In a statement, a spokesperson for the Trump Organization called the lawsuit, "targeted...and meritless unethical political harassment."