Trump Suit Seeks to Erase a New York Hometown Success Story (1)

Former President Donald Trump once personified New York’s wealth, power and brash ambition. With Manhattan skyscrapers bearing his name in big gold letters, he symbolized the success that could be achieved in his hometown.

Now, if the state attorney general has her way, he will never be able to do business in New York again.

Donald Trump in his office in Trump Tower, circa September 1987.

Photographer: Joe McNally/Getty Images

That’s among the penalties New York Attorney General Letitia James is seeking in the sweeping suit she filed Wednesday accusing him of inflating his asset values by billions of dollars to obtain favorable loan terms and other financial benefits. She is also seeking to ...