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James hints at case against Trump Organization

Jan 19, 2022 2:02 pm

Jonah E. Bromwich, Ben Protess, and William K. Rashbaum report in the New York Times that in filings Jan. 18 in response to Donald Trump's efforts to avoid questioning, New York Attorney General Letitia James said that the former president repeatedly misrepresented the value of its assets and said his company had engaged in “fraudulent or misleading” practices. James is not finished in her investigation of the Trump Organization's financial practices in New York, but was tipping her hand to the judge to prove the necessity of questioning Trump and his children. In the filing James argues that the Trump Organization misstated the value of the properties to lenders, insurers, and the Internal Revenue Service, and that many of its filings were “generally inflated as part of a pattern to suggest that Mr. Trump’s net worth was higher than it otherwise would have appeared.” In a statement, James was blunt. “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,” she said. A spokesperson for the Trump Organization spun things differently. “Three years later, she is now faced with the stark reality that she has no case,” the spokeswoman said on Jan. 19. Read more about this story in the New York Times.