New York Attorney General Says "Significant Evidence" Suggests Donald Trump & The Trump Organization Falsely Valued Assets To Get Tax Breaks & Loans

New York Attorney General Says “Significant Evidence” Suggests Donald Trump & The Trump Organization Falsely Valued Assets To Get Tax Breaks & Loans

According to the New York attorney general’s office, beaucoup evidence was uncovered that suggests #DonaldTrump and his company allegedly misled companies about the value of assets in order to obtain loans, insurance coverage and tax breaks, @wsj reports.

While it’s unclear if charges would be filed, Attorney General Letitia James stated grounds to continue her investigation were “self-evident.”

She also stated, “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.”

This information comes after Trump and his adult children—Ivanka Trump and Donald Trump Jr.—were asked to comply with civil subpoenas.

In response, the Trump family has “asked a judge to quash the subpoenas or put them on hold until a parallel criminal case has concluded,” WSJ reports.

A spokesperson for the Trump Organization stated the claims were baseless. “She defrauded New Yorkers by basing her entire candidacy on a promise to get Trump at all costs without having seen a shred of evidence and in violation of every conceivable ethical rule.”

It’s also reported that “Mr. Trump made inaccurate statements in his statements of financial condition, a collection of financial information compiled but not audited by his accountants that contained values for properties and assets.”

Ms. James has been adamant that Trump is not above the law.

Roomies, what do you think of this?


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