NY AG probes if Trump pumped up value of estate, assets

Attorney General Letitia James filed a petition Monday in state trial court in New York City naming the Trump Organization, an umbrella group for the Republican president’s holdings.

News 12 Staff

Aug 24, 2020, 6:16 PM

Updated 1,328 days ago

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NY AG probes if Trump pumped up value of estate, assets
New York Attorney General Letitia James asked a court to enforce subpoenas into an investigation into whether President Donald Trump and his businesses inflated assets on financial statements.
James filed a petition Monday in state trial court in New York City naming the Trump Organization, an umbrella group for the Republican president’s holdings.
It also included other business entities.
The filing also named Eric Trump and Seven Springs, a New York estate owned by the Trump family.
The attorney general’s office is investigating whether the Trump Organization and the president improperly inflated the value of assets to secure loans and obtain economic and tax benefits.
Emails seeking comment were sent to lawyers for the Trump Organization and Eric Trump.
Story by the Associated Press


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