Subpoenas filed by New York Attorney General Letitia James suggest that former President Donald Trump may have committed tax fraud totaling over $21 million for a property he owns in Westchester County, New York, known as the Seven Springs Estate.
The Daily Beast has seen the subpoenas and reports that the Trump Organization may have fraudulently adjusted the value of a conservation easement for the Seven Springs property, taking a $21.1 million tax deduction in 2015 for the easement:
“Investigators asked for a trove of documents related to Donald Trump’s failed attempts to develop a luxury golf course on a 212-acre, forested estate that spans across those three towns and includes several mansions.”
The towns where the Trump property is located — Bedford, New Castle, and North Castle — handed over the documents requested by investigators in the subpoena.
James isn’t the only legal authority on the trail of the easement Trump took in 2015 for the Seven Springs property. Manhattan District Attorney Cyrus Vance Jr. also asked for information related to the matter, according to The Daily Beast’s report. Specifically, Vance subpoenaed “items like planning board meeting minutes, which would help show whether Trump ever really stood a chance at building on the land, and they sought records dating back more than 15 years in some cases.”
All of this comes on the heels of a report from the Washington Post earlier this week which revealed that Vance has already empaneled a grand jury in Manhattan for the specific purpose of issuing indictments for crimes that may have been committed by Trump and his company. Since Vance is retiring at the end of the year, most legal experts believe the Manhattan grand jury is on the verge of handing down indictments against Trump, his three eldest children, and other top officers of the Trump Organization.
Whatever happens in the months ahead, it seems the Seven Springs estate will play a major role in any charges are brought against the former president.