New York AG says Trump’s company misled banks, tax officials

  • 📰 chicagotribune
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 91%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The New York attorney general’s office told a court its investigators had uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.

of a long-running investigation of allegations that Trump’s company exaggerated the value of assets to get favorable loan terms, or misstated what land was worth to slash its tax burden.

Investigators, the court papers said, had “developed significant additional evidence indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.”Trump’s legal team has sought to block the subpoenas, calling them “an unprecedented and unconstitutional maneuver.

“For more than two years, the Trump Organization has used delay tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings,” James said. “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.

-- Inflated the value of a suburban New York golf club by millions of dollars by counting fees for memberships that weren’t sold or were never paid.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

*Slow news day... BRING OUT THE TRUMP HIT PIECE!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York AG says Trump's company misled banks, tax officials | AP NewsNEW YORK (AP) — The New York attorney general’s office late Tuesday told a court that its investigators had uncovered evidence that President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits. Kind of like Al Capone. Fitting. Not new, he's been doing that since the 70's Trump's company
Source: AP - 🏆 728. / 51 Read more »

New York AG says Trump's company misled banks, tax officialsThe former president and his lawyers say the investigation is politically motivated. Is this breaking news? 😂 Maga
Source: njdotcom - 🏆 282. / 63 Read more »

New York AG says her office has evidence Trump's company lied to tax officials and banksLetitia James' office says it has evidence the Trump Organization 'used fraudulent or misleading asset valuations to obtain a host of economic benefits.' And it wants him and Trump Jr. and Ivanka to testify about it. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a woman who recommended me to with AmelieBtc1 on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her AmelieBtc1 Well, her words were that she had SIGNIFICANT evidence. Tee heels hee.
Source: CBSNews - 🏆 87. / 68 Read more »