Franklin, Andrews, Kramer & Edelstein

[BullNBear52]

New York attorney general investigating whether Trump Organization ‘improperly’ inflated value of assets
PUBLISHED MON, AUG 24 20202:05 PM EDT
Dan Mangan
@_DANMANGAN
Christina Wilkie
@CHRISTINAWILKIE
KEY POINTS
The New York Attorney General’s office said that it is investigating whether President Donald Trump and his company over how they valued multiple Trump’s assets on annual financial statements that were used to obtain loans, as well as to get economic and tax benefits.
Letitia James’ office is seeking to compel the Trump Organization, Trump’s son Eric Trump and Trump entities and lawyers to comply with investigatibe subpoenas issued by James as part of the probe.
James opened the probe last year after Trump’s former lawyer Michael Cohen testified before Congress that Trump would manipulate the value of his assets to get favorable loan terms and cut his tax burden.
https://www.cnbc.com/2020/08/24/ny-attorney-general-probes-whether-trump-improperly-inflated-real-estate-value.html