New York Attorney General Letitia James (D) said the investigation into the Trump Organization suggests the former presidentâs company âused fraudulent and misleading asset valuations.â
âWe are taking legal action to force Donald Trump, Donald Trump, Jr., and Ivanka Trump to comply with our investigation into the Trump Organizationâs financial dealings. No one in this country can pick and choose if and how the law applies to them,â James said in a statement.
She added, âWe have uncovered significant evidence indicating that the Trump Organization used fraudulent and misleading asset valuations on multiple properties to obtain economic benefits, including loans, insurance coverage, and tax deductions for years.â
Her statement continues, âDonald Trump, Donald Trump, Jr., and Ivanka Trump have all been closely involved in the transactions in question, so we wonât tolerate their attempts to evade testifying in this investigation.â
James explained her office âwill not be deterred in our efforts to continue this investigation, uncover the facts, and pursue justice, no matter how many roadblocks Mr. Trump and his family throw in our way.â
According to her office, James took legal action to force the former president, Donald Trump Jr., and Ivanka Trump to appear for sworn testimony as part of the civil investigation.
âAs the papers filed today make clear, each of the individuals was directly involved in one or more transactions under review. Earlier this month, the Trumps filed a motion to quash these interviews, and the papers filed today by the Attorney General oppose that motion,â her office said in a statement.
CNNâs Kara Scannell reported Jamesâ office identified âmisleading statements and omissionsâ in the Trump Organizationâs financial statements provided to lenders and insurers.
She continued, âAs part of this they say that these statements have covered kind of the gamut across the number of properties, including golf courses in Scotland and Los Angeles, including Trump Tower, including the former presidentâs own penthouse.â
Scannell noted the statements also include âcommercial buildings and the familyâs compound in Westchester known as the Seven Springs.â
She pointed out when Eric Trump and Trump Organization CFO Allen Weisselberg testified, âThey both asserted the Fifth Amendment and did not answer more than 500 questions each,â citing Jamesâ office.
