New York AG says Trump's company misled banks, tax officials

USA Today

By Micharl R. Sisak
Picture courtesy: USA Today
Picture courtesy: USA Today

The New York attorney general’s office late Tuesday told a court its investigators had uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.

The court filing said state authorities haven’t yet decided whether to bring a civil lawsuit in connection with the allegations, but that investigators need to question Trump and his two eldest children as part of the probe.

Trump and his lawyers say the investigation is politically motivated.

In the court documents, Attorney General Letitia James’ office gave its most detailed accounting yet of a long-running investigation of allegations that Trump's company exaggerated the value of assets to get favorable loan terms, or misstated what land was worth to slash its tax burden.

Publish : 2022-01-19 16:03:00

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