Donald Trump has launched a website that accuses New York State Attorney General Eric T. Schneiderman of "gross incompetence" and other misdeeds.

The website -- -- was launched less than 24-hours after Schneiderman sued Trump for $40 million on Saturday for allegedly defrauding more than 5,000 people nationwide through his “Trump University.”

“Trading on his celebrity status, Mr. Trump personally appeared in advertisements making false promises to convince people to spend tens of thousands of dollars they couldn’t afford for lessons they never got,” Schneiderman said. “No one, no matter how rich or famous they are, has a right to scam hardworking New Yorkers. Anyone who does should expect to be held accountable.”

Trump claimed the lawsuit was an attempt to extort money from him. He wrote on Twitter:

His website claims the university has a 98 percent approval rating, based on surveys completed by students. It also describes Schneiderman's investigation of Trump University as "nothing more than a politically motivated witch hunt."

"[T]his is not the first time Eric Schneiderman has used his stature as Attorney General for his own political gain or to attack critics of President Obama," the website states.