New York AG moves to compel Trumps to testify in financial fraud case | Local News

New York AG moves to compel Trumps to testify in financial fraud case

| Breaking News Updates | Usa news

New York Attorney General Letitia James filed a lawsuit Tuesday night against former President Donald Trump and two of his children, Donald Trump Jr. and Ivanka Trump, to compel them to testify in a civil investigation into the financial transactions of the Trump Organization.

James filed a motion to compel the New York State Supreme Court, seeking a court order to enforce subpoenas and his office’s requests for the documents of Donald Trump Jr.

“For more than two years, the Trump Organization has used delaying tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings,” James said in a statement. “So far in our investigation, we have uncovered significant evidence that suggests that Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values ​​to financial institutions for economic gain.”

These misrepresentations, James said, may have been used to secure loans, insurance coverage or tax deductions for buildings in New York and golf courses in New York and Scotland, among other assets.

James’ office has subpoenaed all three Trumps in recent weeks as part of a year-long investigation into the Trump Organization, the first time his office has gone public that it was seeking information from Ivanka. Trump and Donald Trump Jr. The investigation began in March 2019, shortly after longtime Trump attorney Michael Cohen testified before Congress that the business mogul inflated certain assets to secure terms favorable loans while devaluing others to pay less tax.

The Trump family sued the attorney general’s office to have the lawsuit dismissed and said in December the case was a “thinly veiled effort to publicly slander Trump and his associates.”

James said Tuesday, however, that “no one in this country can choose if and how the law applies to them.”

“We will not be deterred in our efforts to pursue this investigation and ensure no one is above the law,” she said.


Breaking News Updates Usa News New York AG moves to compel Trumps to testify in financial fraud case

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