Attorney General James Takes Action to Force Trump Organization to Comply with Ongoing Investigation Into Financial Dealings

Posted to Applied Web NY on Mon, 08/24/2020 - 13:57

NEW YORK – New York Attorney General Letitia James this past Friday took legal action in an ongoing civil investigation into the Trump Organization’s financial dealings. Attorney General James opened an investigation into Donald Trump and the Trump Organization in 2019, after Trump’s former lawyer, Michael Cohen, testified before Congress that Trump’s annual financial statements inflated the values of Trump’s assets to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes. At dispute are seven subpoenas which would provide the Office of the Attorney General (OAG) with thousands of documents and testimony from multiple witnesses regarding several, specific Trump Organization properties and transactions. Among other things, the action seeks to compel the testimony of Trump Organization Executive Vice President Eric Trump, who was intimately involved in one or more transactions under review, as well as the production of thousands of documents wrongly withheld.

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