New York Attorney General Letitia James announced a new, significant escalation of her ongoing investigation into the alleged widespread criminality permeating former President Donald Trump’s eponymous company, claiming in a press release this week to 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.”
James’s announcement was published alongside a newly filed court memorandum seeking to compel testimony from the former president, as well as both Donald Trump Jr. and Ivanka Trump, for whom James issued subpoenas in early December. In the memo, she cites a number of different methods Trump allegedly used to inflate, distort, and obfuscate his properties true values, in order to fraudulently maximize his income while minimizing his expenses. Among those tactics utilized, James claimed Trump’s company:
