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NY Attorney General Investigating Trump Org. for Inflating Assets; Seeking Testimony of Eric Trump

HeadlineAug 25, 2020

The office of New York Attorney General Letitia James is investigating the Trump Organization and President Trump over the possible inflating of his assets in order to secure loans and other benefits. James is requesting President Trump’s son Eric be compelled to testify, after he abruptly canceled a planned deposition last month. In 2019, Trump’s former fixer Michael Cohen told Congress Trump had inflated his assets in financial statements to obtain loans, while deflating the value of other assets to reduce real estate taxes.

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