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New York AG: Investigation found evidence of Trump’s business fraud

The New York Attorney General's office said late Tuesday that an investigation found "significant evidence," as earlier President TrumpaltDonald TrumpTrump lawyers for Supreme Court: January 6 committee 'will not be harmed by delay' Two House Democrats announce they will not seek re-election DiCaprio on climate change: 'Vote for people who are making sense' MORE's company committed fraud.

"We'm taking legal action to force Donald Trump, Donald Trump, Jr., and Ivanka TrumpaltIvanka Trump The Hill's Morning Report - Presented by Altria - Winter is here for the Democrats, NY Attorney General summonses Trump, Ivanka, Donald Jr. Cheney cites testimony that Ivanka asked Trump to 'stop this violence' on January 6 MORE to comply with our investigation into the Trump organization's financial transactions, "said Attorney General Letitia James (D) said in a statement posted on social media late Tuesday night. "No one in this country can pick and choose if and how the law applies to them."

James claimed that the Trump organization "used fraudulent and misleading valuations of assets on multiple properties to obtain economic benefits, including loans, insurance coverage and tax deductions for years."

James said the evidence warrants further investigation.

Her office claimed in a motion to force the former president and his children to testify that the Trump organization lied about some of its property values ​​and inflated the value of a golf club in New York for economic reasons.

The figures would reportedly help the company get better loan terms or ease its tax burden.

The former president's children have all been closely involved in those transactions, James said.


Trump Jr. runs the family business with his brother, while Ivanka was its executive vice president of development and acquisitions until at least 2016.

"So we will not tolerate their attempts to evade testifying in this investigation," the attorney general said. "We will not be deterred in our efforts to continue this investigation, reveal facts and pursue justice, no matter how many roadblocks Mr. Trump and his family throw in the way of us."

Trump and his family have previously said the investigation is politically motivated, the Associated Press noted.

--Updated at 7:34

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