An empire under scrutiny. The New York State attorney general is currently conducting a civil investigation into former president Donald Trump’s business practices. Here’s what to know:
The origins of the inquiry. The investigation started after Michael D. Cohen, Mr. Trump’s former personal lawyer and fixer, testified to Congress that Mr. Trump and his employees had manipulated his net worth to suit his interests.
The findings. Ms. James detailed in a recent filing what she said was a pattern by the Trump Organization to inflate the value of the company’s properties in documents filed with lenders, insurers and the Internal Revenue Service.
The potential impact. Because the investigation is civil, the attorney general cannot file criminal charges and would have to sue Mr. Trump. Ms. James could seek financial penalties and try to shut down certain aspects of Mr. Trump’s business.
Mr. Trump’s response. Mr. Trump has filed a lawsuit against Letitia James, the New York attorney general, seeking to halt the inquiry. The suit argues that the attorney general’s involvement in the inquiry was politically motivated.
Subpoena requests. The attorney general has subpoenaed Mr. Trump, and is also seeking to question Donald Trump Jr. and Ivanka Trump, two of his children, as part of the inquiry. Eric Trump, another of Mr. Trump’s sons, was questioned in 2020.
As reported by The New York Times.
To read more CLICK HERE