New York AG Says Probe Into Trump And His Business Shows ‘Significant Evidence’ Fraud Did Take Place

New York Attorney General Letitia James announced “significant evidence” found during an investigation into Donald Trump and business shows fraud allegedly occurred during its operations.

Back in March 2019, James launched an investigation into Trump and his business after Trump’s former lawyer, Michael Cohen, testified before Congress, claiming Trump increased the value of his assets in order to obtain favorable deals for insurance coverage and loans while also minimizing the value of other assets to lower real estate taxes, ABC News reports.

On Tuesday, James announced new findings from the investigation might confirm Cohen’s testimony. In a court filing, James said Trump “had ultimate authority over a wide swath of conduct by the Trump Organization,” which involved allegedly lying to the U.S. Internal Revenue Service (IRS) about the business’s finances. James also mentioned that Trump’s two children, Donald Trump Jr. and Ivanka Trump, were also a part of the alleged scheme. “Since 2017, Donald Trump, Jr. has had authority over numerous financial statements containing misleading asset valuations,” James wrote in the court filing NBC News reports.

James continued, saying, Ivanka Trump, a former White House advisor, “was a primary contact for the Trump Organization’s largest lender, Deutsche Bank. In connection with this work, Ms. Trump caused misleading financial statements to be submitted to Deutsche Bank and the federal government.”

She added: “Thus far in our investigation, 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 the Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”