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.
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