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The state government has been investigating whether the company misreported the value of assets to guarantee loans and obtain economic and tax benefits.
The New York Attorney General’s Office stated that it has begun a criminal investigation of the company of former US President Donald Trump, and its scope is beyond the scope of the initial civil investigation.
Attorney General Letitia James has been investigating whether the Trump Organization incorrectly reported real estate values ??in order to obtain loans and obtain economic and tax benefits.
Fabien Levy, a spokesperson for the attorney general’s office, said in a statement on Tuesday: “We have notified the Trump Organization that our investigation into the organization is no longer purely civil.
He said: “We are now actively investigating the Trump Organization and the Manhattan DA in a criminal capacity.”
The Trump Organization could not be immediately contacted for comment. Trump has stated that the investigation overseen by Democrat James (James) was politically motivated.
James has been investigating whether the Trump Organization exaggerated the value of some real estate to obtain better loans and lowered its value to obtain real estate tax relief.
In addition, the Manhattan District Attorney Cyrus Vance (Cyrus Vance) has been investigating Trump’s pre-presidential business dealings for more than two years.
Vance’s office stated in court documents that it is investigating “possibly widespread and prolonged criminal activities” of the former President Trump Organization, including tax and insurance fraud and falsifying business records.
Vance’s investigation began when Michael Cohen, Trump’s former lawyer and fixed person, paid quiet money to silence two women before he claimed to have sexual contact with Trump before the 2016 election.
Since Republican Trump lost to Democratic President Joe Biden’s re-election, the pace of such investigations has accelerated.
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