In a landmark case with potentially global implications, Kentucky’s newly elected Republican attorney general is targeting some of the world’s largest financial firms in a new lawsuit alleging that teachers, firefighters, and other government workers have been systematically bilked by Wall Street’s rampant fraud and self-dealing, which has created a massive financial crisis in the state.

The new suit from Republican Attorney General Daniel Cameron’s office also specifically targets Stephen Schwarzman — a Republican billionaire who is one of the largest financial supporters of Mitch McConnell and Donald Trump’s political machine. Schwarzman has donated $10 million to the Senate Leadership Fund, a super PAC affiliated with McConnell, and $3 million to America First Action, a super PAC backing Trump, this election cycle.

As TMI previously reported, the US Supreme Court recently blocked workers and retirees from suing these kind of firms because the high court said they did not have legal standing. A Kentucky court then quickly cited that ruling to short-circuit retirees’ case against Wall Street giants Blackstone and KKR, which said the firms’ investment schemes had fleeced the state pension system.