Crime Donald Trump

New York Attorney General Investigating Eric Trump And The Trump Organization For Financial Fraud

New York Attorney General Tish James made it clear Monday with a court filing that she plans to get to the bottom of questions about whether or not the Trump Organization has engaged in shady business practices over the years, according to the Washington Post:

“In the filing, signed by a deputy to Attorney General Letitia James, the attorney general’s office said it is investigating Trump’s use of ‘Statements of Financial Condition’ — documents Trump sent to lenders, summarizing his assets and debts.

“The filing asks a New York state judge to compel the Trump Organization to provide information it has been withholding from investigators — including a subpoena seeking an interview with the president’s son Eric.”

Specifically, James has suspicions that the Trump Organization has inflated the value of properties and other financial holdings in order to obtain loans from lenders.

Eric Trump had been scheduled for an interview in July with investigators from the New York AG’s office, but suddenly canceled it at the last moment, which is why James is now asking a court to compel the president’s son — who serves as executive vice president of the Trump Organization and is running the company while his father is president — to agree to that interview.

In 2019, it was reported that Trump had inflated the value of a property:

“In 2011, Trump’s statement claimed that the property had been “zoned for nine luxurious homes,” and that the value of those home lots raised the value of the overall property to $261 million — far more than the $20 million assessed by local authorities. Local officials said Trump had received preliminary conceptual approval for those homes, but never completed the process or obtained final zoning permission. The homes were never built.”

The Trump family is also facing investigations from the office of Manhattan District Attorney Cyrus Vance, Jr., who has subpoenaed eight years of the president’s tax returns. Earlier this year, the U.S. Supreme Court ruled 7-2 that the president has to hand over those financial documents.

By Andrew Bradford

Proud progressive journalist and political adviser living behind enemy lines in Red America.

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