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