The Wall Street Journal reports:
Manhattan prosecutors are intensifying their investigation into Donald Trump’s businesses, taking aim at a Westchester County, N.Y., estate that the former president unsuccessfully tried to develop, according to people familiar with the matter.
In recent weeks, according to the people, the Manhattan district attorney’s office has issued new subpoenas and requested recordings of local government meetings related to the Trump Organization’s failed attempt to create a luxury subdivision at Seven Springs, a 213-acre property that the former president bought for $7.5 million in 1995.
Mr. Trump has valued the property at up to $291 million in financial statements that the New York attorney general’s office, which is also investigating Seven Springs, said were given to financial institutions. Inflating assets to help secure loans or other financial benefits can be a state criminal offense, legal experts said.
Read the full article.
From a 2016 ABC News report:
Donald Trump says he made “a lot of money” in a deal years ago with Muammar Gaddafi, despite suggesting at the time he had no idea the former Libyan dictator was involved in renting his suburban New York estate. “Don’t forget, I’m the only one. I made a lot of money with Gaddafi, if you remember,” Mr Trump said in an interview with CBS’ Face the Nation that aired on Sunday. “He paid me a fortune. Never got to stay there,” Mr Trump said. “And it became sort of a big joke.”
The presumptive Republican nominee was talking about a bizarre incident in 2009, when Gaddafi was in desperate search of a place to pitch his Bedouin-style tent during a visit to New York for a meeting of the UN General Assembly. After trying and failing to secure space in Manhattan’s Central Park, on the Upper East Side and in Englewood, New Jersey, the Libyan government turned to Trump’s 213-acre Seven Springs estate in suburban Bedford, New York.
The Manhattan D.A. issued new subpoenas in its probe of former President Donald Trump’s financial dealings involving a sprawling New York estate that he unsuccessfully tried to develop into a luxury subdivision, people familiar with the matter say https://t.co/c1bkl9MWjD
— The Wall Street Journal (@WSJ) March 10, 2021