New York state Attorney General Letitia James (D) just went after Eric Trump as part of her ongoing investigation into whether President Trump inflated his assets to banks to get loans.
Today James asked a judge to force the president’s son, Eric Trump, and the Trump Organization to comply with her subpoenas.
“I took action to force the Trump Organization, and specifically EVP Eric Trump, to comply with my office’s ongoing investigation into its financial dealings,” James said in a statement. “For months, the Trump Organization has failed to fully comply with our subpoenas in this investigation.”
“Our investigation began after Michael Cohen testified before Congress that Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans & insurance coverage, while also deflating the value of other assets to reduce real estate taxes,” James continued.
“We are seeking thousands of documents and testimony from multiple witnesses regarding several Trump Organization properties and transactions, including from Eric Trump, who was intimately involved in one or more transactions under review.”
“The Trump Organization has stalled, withheld documents, and instructed witnesses, including Eric Trump, to refuse to answer questions under oath,” James claimed.
“That’s why we filed a motion to compel the Trump Organization to comply with our lawful subpoenas for documents and testimony.”
From The Hill:
The New York attorney general opened the investigation in March 2019 after the president’s former attorney, Michael Cohen, testified to Congress that President Trump had altered the value of his assets in financial statements in order to get loans, better insurance rates and tax breaks.
The new court filing is significantly redacted and the attorney general’s office said it would seek to keep much of its material under seal to protect its investigation.
James is accusing Eric Trump of refusing to comply with a subpoena for his testimony, and alleging that the Trump Organization and its lawyers are improperly invoking attorney-client privilege to shield thousands of documents from investigators.
“The Trump Organization has done nothing wrong and, as the motion papers clearly state, the NYAG has made no determination that anything was improper or that any action is forthcoming,” Kimberly Benza, a spokeswoman for the company, said in a statement. “While we have tried to cooperate in good faith with the investigation at every turn, the NYAG’s continued harassment of the company as we approach the election (and filing of this motion on the first day of the Republican National Convention) once again confirms that this investigation is all about politics. We will respond to this motion as appropriate.”
The court documents submitted Monday show that the attorney general is investigating the valuation of several Trump properties including the Seven Springs resort in Westchester County, N.Y.; an office building on Wall Street in New York City; the Trump International Hotel in Chicago; and the Trump National Golf Club in Los Angeles.