On Thursday, a New York court decided that Donald Trump, Donald Trump Jr., and Ivanka Trump must testify under oath about the Trump Organization’s finances and accounting methods. The decision was a win for Attorney General Letitia James, whose agency sent subpoenas to the three Trumps in December and January as part of a civil inquiry into the former President’s finances. In a court hearing on Thursday, Judge Arthur Engoron disregarded Trumps’ lawyers’ efforts to stop the depositions and ordered the former Leader and his two kids to answer questions within twenty-one days.
Letitia James Is Increasing The Legal Pressure On Donald Trump
The court’s decision allowing AG Letitia James to question the Trumps came about a week after Trump’s longstanding accounting company, Mazars U.S.A. L.L.P. delivered the Trump Organization a letter declaring that a decade of financial accounts it provided for Trump was faulty.
Naturally, there is much conjecture where the investigations into Trump’s companies may lead. In addition to James‘ civil investigation, her office is collaborating with Manhattan District Attorney Alvin Bragg on a criminal investigation, which resulted in the prosecution of the Trump Organization’s top financial officer, Allen Weisselberg, on tax fraud charges last summer.
Both sets of prosecutors are now investigating whether Trump and his colleagues cheated lenders and insurance companies by inflating the worth of Trump properties on loan applications and other legal papers, according to recent court filings and press reports.
All three Trumps face thorough interrogation from Letitia James’ investigators about their knowledge of different financial records that her agency has zeroed in on. Also, what part they may have played in their preparation unless they appeal Thursday’s judgment. Three transactions totaling $300 million in loans from Deutsche Bank to Trump companies were among the transactions referenced in last month’s report.
They included one that developed the Trump International Hotel, in Washington, D.C. and another that developed the Trump National Doral golf resort, in Miami.
