Ex-President Donald Trump is doing his best to avoid testifying under oath in a court case over alleged fraudulent financial management at his companies, and here’s why New York Attorney General, Democrat Letitia James, He brought new arguments to court to get him and his two children, Ivanka and Donald Trump Jr., to testify under oath for this investigation.
To advance the case, James submitted a 160-page document to the court this week detailing the findings of his lengthy investigation and concluding that he had obtained “significant evidence” of fraud by the Trump Organization.
According to the report, there are a large number of discrepancies between the true status of the former president’s holdings and what has been advertised to financial entities, insurance companies and the Internal Revenue Service (IRS), for benefits and millions of dollars in tax savings.
James tells the court that it is necessary to obtain the testimony of the former president and his two children Determine your knowledge of many “misleading statements and omissions” On tax returns and financial statements used for loans.
At the beginning of December last year, James’ office summoned the former president and his sons to testify (although the summons for the latter was only known in January, thanks to some documents that family lawyers submitted to the court to block the request.).
The Trump family has filed a lawsuit to avoid having to comply with subpoenas to testify under oath as part of an investigation into the possibility that the Trump Organization committed fraud in its activities between 2004 and 2020.
The New York attorney general is focusing on analyzing the alleged misleading and incorrect information that Trump and his two sons identified in these investigations would have provided to banks and insurance companies regarding at least six of his properties: the well-known Trump Tower, his Wall Street office building, Trump Park Avenue in Manhattan, Seven Springs in Westchester County, its own golf course in Scotland, and Westchester Golf Club.
The prosecutor refers directly to the former president and says that he signed the relevant documents in the charges at different times. In other words, some documents bearing his signature indicate information about the size and value of some of his property in conflict with other records.
It also includes comments by Allen Weisselberg, the former chief financial officer of the Trump Organization, who testified that it was “certainly possible” that Trump discussed these incorrect assessments with him. Wesselberg and another CEO both said they understood Trump would review the data.
Trump’s lawyer replied
In response to James’ document, the Trump Organization released a statement that copies Trump’s rhetoric, repeating the former president’s personal attacks on the attorney general.
“The only person deceiving the public is Letitia James. He deceived New Yorkers by basing his candidacy entirely on a promise to win Trump at any cost without seeing an iota of evidence and in violation of every conceivable moral rule,” the statement said, asserting that “after three years, he is now facing the truth of the matter.” Cruel that he has no issue.
“So, in response to Trump suing her and filing multiple ethics complaints, and after her run for governor failed, she has no choice but to once again mislead the public by distorting the facts and ignoring her inflammatory comments. Their accusations are false and (Trump) will be vigorously defended.”
The organization’s attorney, Alan Wouterfas, said the subpoenas violated the Trump family’s constitutional rights and that James’ offer “doesn’t address the main arguments for the request — the store’s defense — to evict or suspend them.”
Will Trump finally testify?
According to James’ collected words New York timesThe ex-president’s misrepresentations of inflating the value of his holdings would be part of a pattern.
The attorney general insists that the former president and his sons Ivanka and Donald Jr. testify, to clarify who is responsible for these errors and omissions, and whether they were committed intentionally, in order to determine whether this constitutes a crime. from fraud.
Ex-President Trump is trying to prevent prosecutors from questioning him or his sons about holding their companies accountable, and James has been accused of carrying out a partisan “witch hunt.”
In 2019, James opened an investigation into the store after Trump’s former attorney, Michael Cohen, testified that Trump had exaggerated the value of corporate assets to get better terms for loans and insurance policies. The US Attorney’s Office in Manhattan is also conducting a similar investigation, in cooperation with James’s office.