New York AG Outlines Fraudulent Trump Org Practices

January 19, 2022 Trump Corruption, Trump Lies

The New York Times reports:

The New York State attorney general, Letitia James, accused Donald J. Trump’s family business late Tuesday of repeatedly misrepresenting the value of its assets to bolster its bottom line, saying in court papers that the company had engaged in “fraudulent or misleading” practices.

The filing came in response to Mr. Trump’s recent effort to block Ms. James from questioning him and two of his adult children under oath as part of a civil investigation of his business, the Trump Organization. Ms. James’s inquiry into Mr. Trump and the company is ongoing, and it is unclear whether her lawyers will ultimately file a lawsuit against them.

Still, the filing marked the first time that the attorney general’s office leveled such specific accusations against the former president’s company. Her broadside ratchets up the pressure on Mr. Trump as he seeks to shut down her investigation, which he has called a partisan witch hunt.

The Washington Post reports:



In a nearly 160-page filing, James cited multiple examples of Trump allegedly lending his signature to financial statements that estimated the worth of properties in the Trump Organization portfolio and the value of his own fortune — estimates that James’s team has long suggested were misleading and potentially key to taking legal action against the Manhattan-based company.

“Donald Trump, Donald Trump, Jr., and Ivanka Trump have all been closely involved in the transactions in question, so we won’t tolerate their attempts to evade testifying in this investigation,” James said in a statement released late Tuesday night along with the documents.

The filings were in response to a motion to quash subpoenas to the three Trumps, demanding they sit for depositions and produce related records. Eric Trump, who along with his siblings has served as a high-ranking officer at the company, was deposed in late 2020.

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