Breaking: N.Y. Attorney General Outlines Pattern of Fraud at Trump Business

The attorney general, Letitia James, released new details of her investigation as she argued for the need to question Donald J. Trump and two of his children under oath.

By
Jim W. Dean and Gordon Duff
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By Jonah E. Bromwich, Ben Protess and William K. Rashbaum

NY Times: 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. Ms. James is a Democrat.



The filing outlined what Ms. James’s office termed misleading statements about the value of six Trump properties, as well as the “Trump brand.” The properties included golf clubs in Westchester County, N.Y., and Scotland, flagship buildings such as 40 Wall Street in Manhattan and Mr. Trump’s own penthouse home in Trump Tower.

Ms. James’s filing argued that the company misstated the value of the properties to lenders, insurers and the Internal Revenue Service. Many of the statements, the filing argued, were “generally inflated as part of a pattern to suggest that Mr. Trump’s net worth was higher than it otherwise would have appeared.”  Read more…

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2 COMMENTS

  1. We’re being played by the Southern District of New York. They’ve had Trump’s tax returns for over a year. He should have been perp-walked from Mar-a-Lago to Rikers Island months ago. That he is still as free as a bird says it all, folks.

    • Trump will never see the inside of any criminal court room anywhere in the USA. A lot of political mileage can be gained by stating your intentions to do something. Even if you know there are few ways to accomplish such. This is the big leagues.

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