New York Attorney General Letitia James’ decision to join forces with the Manhattan district attorney to investigate the Trump Organization “in a criminal capacity” doesn’t mean her office has found a smoking gun, legal experts said Wednesday.

But it doesn’t bode well for former President Donald Trump’s company, either.

“This is not a positive development for the lawyers representing the Trump Organization,” Dennis Vacco, a former New York attorney general, said in an interview Wednesday.

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