The office also said it has evidence indicating Trump may have obtained more than $5 million in federal tax benefits from allegedly misleading valuations obtained from tax benefits taken at the fam…
File photo: A spokesperson for the Trump Organization said in a statement Wednesday that the “allegations are baseless and will be vigorously defended.”New York Attorney General Letitia James’ office says it needs the testimony of former President Donald Trump and two of his adult children to determine their knowledge of what investigators say they have identified as numerous “misleading statements and omissions” in tax submissions and financial statements used to obtain loans.
“But Mr. Trump’s actual knowledge of — and intention to make — the numerous misstatements and omissions made by him or on his behalf are essential components to resolving OAG’s investigation in an appropriate and just manner,” the filing states. “Likewise, Donald Trump, Jr. and Ivanka Trump worked as agents of Mr.
In lengthy court filings, investigators said that about a dozen current and former Trump Organization employees have testified and that Trump personally authorized the production of his tax returns. Specifically, the New York attorney general’s office said it is zeroing in on several specific alleged misstatements including:Miscategorized assets outside Trump’s or the Trump Organization’s control as “cash,” thereby overstating his liquidity;
One contention by James’ office is that Trump hasn’t complied with subpoenas for records. As an example, they allege that while Trump did not use email, they learned from witnesses that Trump kept hard copies of documents and used sticky notes to communicate with employees. They said a file cabinet pertaining to Trump’s records was never searched to comply with a subpoena.
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