New York State’s attorney general revealed on Monday that she is investigating whether President Donald Trump and the Trump Organization had “improperly” manipulated the value of …
New York State’s attorney general revealed on Monday that she is investigating whether President Donald Trump and the Trump Organization had “improperly” manipulated the value of his assets on annual financial statements in order to secure loans and obtain tax benefits. Letitia James, the state’s attorney general, said she had been probing the allegations since 2019 after Trump’s former lawyer Michael Cohen testified before Congress. The investigation has remained confidential for months. She said that the Trump Organization and other respondents have already acknowledged the investigation and has already produced “significant amounts of responsive information,” however, the parties have come to a disagreement on a narrow set of issues that have reached an impasse. James is now seeking the New York County State Supreme Court to intervene and compel the Trump Organization, its executive vice president, Eric Trump, and other respondents to comply with several subpoenas, which she said would provide her office with thousands of documents and testimony from witnesses about properties and transactions of the company. She accused the business, Eric Trump, and other associates of stalling and stonewalling the investigation by refusing to produce the request documents and refusing to appear to give testimony under the subpoena, according to a motion and memorandum (pdf) filed in the court on Monday.
