01/19/2022

Evidence Trump's Company Lied to Tax Officials and Banks, Says NY AG

There's evidence the company used fraudulent or misleading asset valuations

The New York attorney general's office said late Tuesday it had told a court that its investigators had uncovered evidence that President Donald Trump's company used "fraudulent or misleading" asset valuations to get loans and tax benefits.

Attorney General Letitia James' office detailed its findings in a court motion seeking to force Trump, his daughter, Ivanka Trump, and his son, Donald Trump, Jr., to comply with subpoenas seeking their testimony.

The court filing said state authorities haven't yet decided whether to bring a civil lawsuit in connection with the allegations, but that investigators need to question Trump and his two eldest children as part of the probe.

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