New York attorney general files legal action against Trump Organization in investigation of company finances
by Anthony Leonardi, Breaking News Reporter
| August 24, 2020 03:08 PM
New York Attorney General Letitia James is investigating the Trump Organization to determine whether it inflated the value of its assets to mislead lenders.
A Monday filing from the Democrat asked a state court to order the company and the president's son Eric Trump, the executive vice president of the business, to cooperate with subpoenas issued and provide financial documents as part of the state's investigation.
"OAG is currently investigating whether the Trump Organization and Donald J. Trump (Mr. Trump) improperly inflated the value of Mr. Trump’s assets on annual financial statements in order to secure loans and obtain economic and tax benefits. One particular focus of this inquiry, as relevant here, is whether the Trump Organization and its agents improperly inflated, or caused to be improperly inflated, the value of the Seven Springs Estate," the court filing said, adding that the attorney general's office has not "concluded its investigation and has not reached a determination regarding whether the facts identified to date establish violations of law."
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https://www.washingtonexaminer.com/news/new-york-attorney-general-files-legal-action-against-trump-organization-in-investigation-of-company-finances
