New York attorney general sues Trump and adult children for fraud
NEW YORK (Reuters)—Donald Asset and his adult children were sued on Wednesday for fraud by the New York state attorney general, who has been conducting a civil investigation into the former US president’s business practices for more than three years, according to court records.
The lawsuit, filed in New York state court in Manhattan, charged the Asset Organization to engage in “numerous acts of fraud and misrepresentation” in preparation Assetannual statements of financial position from 2011 to 2021. He also appointed the Asset Organization, the son of former President Donald Asset Jr. and his daughter Ivanka Asset as defendants.
Attorney General Letitia James’ inquiry focused on whether the Asset The organization misrepresented the values of its real estate to obtain favorable loans and tax benefits.
James was due to make an announcement at 11:30 a.m. EDT (1530 GMT). She said the investigation had revealed ‘significant evidence’ Asset and the company fraudulently valued many of its assets.
The Republican former president denied any wrongdoing and described James’ investigation as a politically motivated witch hunt. James is a Democrat. The Asset The organization called James’ allegations “baseless”.
Wednesday’s trial follows a controversial investigation in which James accused Assethis business and some family members for using delaying tactics to ignore subpoenas and avoid testifying.
Asset Aug. 10 refused to answer questions during a lengthy closed-door deposition at the attorney general’s office, citing his constitutional right against self-incrimination more than 400 times.
donald Asset Jr. and Ivanka Asset agreed to sit for depositions only after court orders require it.
Another of AssetEric’s children Assetinvoked the right against self-incrimination more than 500 times in a 2020 deposition.
The lawsuit marks one of the biggest legal blows for Asset since leaving office in January 2021. Asset plans to run for president again in 2024.
The FBI conducted a court-approved search Asset‘s Mar-a-Lago Estate in Florida on August 8 in connection with a criminal investigation into his handling of presidential records, including classified documents.
Asset is also under criminal investigation in Georgia for his efforts to overturn the 2020 election results.
He has denied wrongdoing in the various investigations.
James’ civil investigation is separate from a criminal investigation into tax evasion against the Asset Organized by Manhattan District Attorney Alvin Bragg.
The company is due to go to trial in October, accused of paying employee benefits. Its longtime former chief financial officer, Allen Weisselberg, has pleaded guilty and will testify against the company.
James assists Bragg in his criminal investigation.
(Reporting by Jonathan Stempel, Karen Freifeld and Luc Cohen in New York; Editing by Will Dunham)