Trump Organization must comply with New York Attorney General subpoenas Letitia james (D) As part of its investigation into whether the company inappropriately inflated the assets of four properties for tax benefits, a newly unsealed stipulation and order indicates.
Unsealed Thursday, the three-page order gives the Trump organization until September 30 to produce a “report, in reasonable detail, on measures taken to preserve, collect and produce paper and electronic records” in response to the subpoenas from the Attorney General. . Trump’s real estate empire and New York’s top attorney who helped Manhattan district attorney Cyrus Vance in criminal proceedings against the company of the former president – secretly agreed to the arrangement on September 3.
James, who began his investigation in March 2019, said such disclosures are slow in coming.
“For over a year now, the Trump Organization has failed to respond adequately to our subpoenas, hiding behind procedural delays and apologies,” James wrote in a statement. “Once again, the court has ordered the Trump Organization to turn over the information and documents we seek, or face an independent third party who will make sure that happens. Our work will continue without being discouraged because no one is above the law. “
Under the stipulation, the Trump Organization must identify the custodians of such documents such as “any appraisals or other appraisals, purchase records, and any balance sheet, income statement, general ledger, financial statement or similar documents reflecting value or performance. any property of the Trump Organization the value of which is identified or incorporated into any statement of financial position. “
One of the attachments to the deal lists 25 custodians, four of whom are members of the Trump family Donald J. Trump, Donald Trump Jr., Eric trump, Ivanka trump– and whose last is the former financial director of the company, now indicted Allen Weisselberg.
The company must also “determine the likely locations of the reactive records, including through interviews with potential custodians and other current and former staff of the Trump Organization (except, with respect to the former personnel of the Trump organization, when commercially reasonable efforts do not result in such an interview), ”according to an exhibit.
Attorney General James’s office previously grilled Eric Trump late last year ahead of election day, after a New York judge rejected a request from the then-president’s descendant for a post-election period. -November. 3 delay.
Former first daughter Ivanka Trump has complained in the past that she was drawn into AG State investigations, both in New York and Washington, DC
James’ investigation stems from testimony in Congress from former Trump fixer Michael Cohen, which included copies of Donald Trump’s financial statements for 2011, 2012 and 2013.
“Cohen testified that these statements inflated the value of Mr. Trump’s assets to secure favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce property taxes,” noted the GA in a note explaining the basis of its investigation in August 2020, when the investigation first became public.
Other notable custodians of the documents include the Executive Vice President and Chief Legal Counsel of the Trump Organization. Alain Garten and Trump’s longtime executive assistant Rhona graff.
The attorney for the Trump Organization did not immediately respond to an email requesting comment.
Read the stipulation and the order below:[Images via Drew Angerer/Getty Images, Nicholas Kamm/AFP/Getty Images]
Post-Trump organization to file New York Attorney General’s subpoena compliance report in less than a week, Unsealed Order Shows first appeared on Law & Crime.