New York Attorney General: “Trump Organization Fraud Pattern” | abroad

The New York attorney general is accusing the real estate company of former President Donald Trump and his family of “fraudulent and misleading” practices. Attorney General Letitia James said the Trump Organization has repeatedly manipulated property valuations for tax and insurance purposes, the New York Times reported, citing court documents.

According to prosecutors, the company released misleading statements to lenders, insurance companies and the IRS about the value of six Trump properties, including golf clubs and iconic buildings such as Trump Tower in New York. Also about the “Trump brand” he could have been lied to.

In this way, the Trump Organization may have been trying to paint a more positive picture of Trump’s fortune, James said.

Trump: “Political Motives”

James had been investigating the former president’s business interests for two years and had previously sued him and his two children, Ivanka and younger Donald Trump, in the case. Trump said the investigation was motivated politically. Demands a halt to the investigation. The Trump Organization and Trump Sons also oppose the subpoena.

The 45-year-old leads the Trump Organization with his brother Eric. He was already questioned in October in the civil case, according to the New York Times. Separately, there is still a pending criminal case regarding tax evasion by the Trump Organization, which has not yet been submitted to the court.

Denton Watson

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