'Significant evidence' of alleged fraud in Trump business investigation, NY AG says
ABC News
New York Attorney General Letitia James said that her office has uncovered "significant evidence" of fraud in her civil investigation of former President Donald Trump and the Trump Organization.
The unusual statement amid an ongoing investigation came as James' office argued in court papers that Donald J. Trump, Donald Trump, Jr., and Ivanka Trump have not sufficiently responded to subpoenas issued as part of the investigation.
"Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit," James said in a release late Tuesday night. "The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them."
The motion to compel their testimony, filed late Tuesday after the Trumps sought to quash the subpoenas, said each of the individuals was directly involved in one or more transactions under review. The investigation is reviewing whether the Trump Organization used fraudulent or misleading valuations of its holdings in different ways to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.
