Donald Trump’s lawyer tries to avoid it Oath statement from the former president And two of his sons in a business tax fraud case instructed by the New York attorney general’s office backfired. The state’s attorney general, Letitia James, responded to a 160-page report that the former president’s companies, bundled under the Trump Organization brand, inflated the value of the group’s holdings to gain benefits from banks, lenders, investors and insurers. The fraud dates back to operations carried out between 2004 and 2020 (the past four years, with the Republican in the White House and the Mall in the hands of his eldest sons).
With this report published by newspapers such as New York times s Washington Post And picked up by the rest of the local media, Democrat James adds arguments to the civil case the state attorney general’s office is bringing against Trump, who has repeatedly described it as a “politically motivated witch hunt.” Although members of James’ team have uncovered evidence that the Trump Organization provided “fraudulent or misleading” assessments of assets to obtain loans and tax benefits, state authorities have not yet decided whether to file a lawsuit over the allegations, but they confirm it. Investigators want to question Trump and his children Ivanka and Donald Jr as part of the process. The former president was scheduled to appear in person and under oath on January 7. Her descendants were later cited.
In the prosecution’s most detailed report to date, there is evidence that the Trump Corporation overstated assets to obtain favorable loan terms, or misrepresented the value of land to reduce the amount of its tax contribution. The file cites specific examples, such as fattening the value of land donations made in New York and California in documents submitted to the IRS (the US Department of the Treasury) to justify several million dollars in tax deductions.
On the Manhattan businessman’s mansion, luxurious Penthouse, the Make-up The Trump Organization’s accounting officer tripled its actual size, with a difference of nearly $200 million in its favour, according to the report, which cited Allen Weisselberg, Trump’s chief financial officer for decades. The general manager was charged last year with tax fraud in a parallel criminal investigation that was directed back in the day by Manhattan Attorney General Cyrus Vance and that his successor, Alvin Bragg, is continuing today. Weiselberg so far The only president of the infamous Trump Organization, considered by many to be a scapegoat, or a firewall, has so far halted the indictment of members of the hard core of the company: the Trump family.
The disclosure of the report seeks to confirm the judicial movement to compel Trump, a su hija Ivanka Trump a su hija Donald Trump Jr. To testify under oath. The billionaire store dismissed this new story of wrongdoing as “baseless”. “The only misleading public opinion is Letitia James,” the Trump Organization said in a statement. “After three years, [James] He’s facing the harsh reality of having no issue.”
The billionaire’s lawyers have tried to block subpoenas for the three Trump’s testimony, calling it an “unconstitutional and unprecedented maneuver”. They fear James is trying to obtain testimony that can be used in the parallel criminal investigation of the Manhattan District Attorney. At the end of December, Trump himself, who had not cleared the ambiguity of his candidacy for re-election in 2024, sued James to stop the process.
Join EL PAÍS to follow all the news and read without limits.
Subscribe here To the newsletter of EL PAÍS America and receive all the essential information on current affairs in the region