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

[brooklynite]

Source: New York 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, and flagship buildings such as Trump Tower and 40 Wall Street in Manhattan.

Read more: https://www.nytimes.com/2022/01/18/nyregion/trump-organization-fraud-letitia-james.html

[LetMyPeopleVote]

1. Lock these idiots up

Link to tweet

[JohnSJ]

2. The question I have is this part of the Civil or Criminal case against the trump businesses? There

might be legal issues involved if they are mixing the two

[gab13by13]

7. Letisha is doing the civil investigation,

There is a possible conflict. Tish wants Trump, Jr. and Ivanka to sit for a deposition but since there is an ongoing criminal investigation Trump has filed a motion with the court to not have to appear (a valid reason) because his argument is that information from the civil case will be used in the criminal case. Trumps may well not have to give a deposition, I heard Dan Goldman say this.

[JohnSJ]

9. Thanks. This may not be the slam dunk many of us hoped for then

[monkeyman1]

3. Manhattan ag-criminal ----- ny-ag-civil!

[Imallin4Joe]

4. Wrecked.

[Imallin4Joe]

5. Are charges imminent?

I hope so.

[Corgigal]

6. Possible?

Did they read the part about Bedford New York? Thanks Westchester county and the Nature Conservatory for keeping the bullies in check.

Beautiful area, and I’m glad someone was watching over that area.

[gab13by13]

8. This is going to involve a ton of money,

some of the charges go back 17 years.

[Fresh_Start]

10. I'm really hopeful about this...

Trump org had competing documents at the same time they overvalued properties for loan applications and undervalued properties for tax purposes...so they were committing tax fraud or bank fraud or both simultaneously...

[PatSeg]

11. What amazes me

is the fraud wasn't even subtle. Anyone who was paying attention could see what he was doing. He should have just put up a billboard announcing his corruption. He appeared to be proud of his ability to undermine the system.

[BlueWavePsych]

12. NY AG says investigation into Trump and his business found 'significant evidence' suggesting fraud

New York Attorney General Letitia James disclosed new details Tuesday night about her civil investigation into former President Donald Trump’s business, saying the probe has uncovered evidence suggesting the company put a fraudulent value on multiple assets and misrepresented those values to financial institutions for economic benefit.

James, who launched her probe in 2019, also said in the court filing that the former president “had ultimate authority over a wide swath of conduct by the Trump Organization" that involved fraudulent misstatements to financial institutions, the Internal Revenue Service, and other parties.

She specifically mentioned the responsibility of two of the former president’s adult children, Donald Trump Jr. and Ivanka Trump.

“Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit,” James said in a statement Tuesday. “The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”

https://www.nbcnews.com/politics/politics-news/ny-ag-says-investigation-trump-business-found-significant-evidence-sug-rcna12685