Subdivision 12 of section 63 of the Executive Law provides: "Whenever any person shall engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business, the attorney-general may apply, in the name of the people of the State of New York, to the supreme court of the State of New York * * * for an order enjoining the continuance of such business activity or any fraudulent or illegal...
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