In depositions, the attorney general says Eric Trump and Weisselberg answered few questions before asserting their Fifth Amendment rights against self-incrimination to more than 500 questions each. Trump was not involved in the preparation of his own financial statements,” they wrote. “This file was never searched because the Trump Organization determined, improbably, that Mr. They said a file cabinet pertaining to Trump’s records was never searched to comply with a subpoena. James’ office said they learned from witnesses that Trump kept hard copies of documents and used sticky notes to communicate with employees. The same associate also testified that he inserted comments on the draft of an appraisal using Microsoft Word track changes but instead of emailing the document, printed it out with the track changes and mailed it to the appraiser, which he did as part of the practice of “avoiding email.” In a second email to the same associate and included in the filing, Dillon wrote, “Please use a fresh email when communicating with appraisers so that we avoid to the extent possible, email chains.” Trump’s long-time tax attorney Sheri Dillon, who advised Trump on the Seven Springs estate, wrote in an email to an associate working with her about an appraisal being conducted by Cushman and Wakefield “to ‘call Tim and advise him to limit substantive emails with Scott Blakely (engineer) and instead use the phone to the extent possible (want to avoid creating discovery unnecessarily),’” according to the filing. Trump Organization formally notifies GSA of proposed sale of DC hotel (Photo by Win McNamee/Getty Images) Win McNamee/Getty Images The hotel, located blocks from the White House, has become both a tourist attraction in the nation's capital and also a symbol of President Trump's intermingling of business and politics. WASHINGTON, DC - AUGUST 10: The Trump International Hotel is shown on Augin Washington, DC. Trump stated to him ‘that he did not want things put in writing in communications between us.’” One witness, described in the filing as representing Trump in the lower Hudson Valley where his Seven Springs estate and numerous golf courses are located, testified that he spoke directly with Trump “about once a week.” And, according to the filing, “he ‘seldom’ communicated in writing with Trump because Mr. James’ office alleges that the Trump Organization had a pattern of not putting things in writing. The values differed from the Trump Organization’s own contemporaneous budgets, according to the filing. Trump presented a value for 40 Wall Street on his Statements of Financial Condition of $601.8 million in 2010, $524.7 million in 2011, $527.2 million in 2012, and $530.7 million in 2013,” the New York attorney general alleged. That appraisal, based on the terms of the ground lease, was revised to $260 million in 2012.īut it’s alleged Trump valued the building much higher on his financial statements. In 2010, as part of a loan modification, appraisers valued Trump’s stake in this commercial building at $200 million. (Separately, Weisselberg has been charged with 15 counts of fraud. Weisselberg admitted that this amounted to an overstatement of “give or take” $200 million,” according to the filing. Trump’s triplex in the 20 were overstated almost by a factor of three, as Mr. CFO Allen Weisselberg admitted the value had been overstated in earlier years. But in 2017, the value of the penthouse was changed to $116.8 million, reflecting its accurate square footage of 10,996.39 square feet. In 2015, Trump reported the value of his Trump Tower penthouse at $327 million, derived from an assessment that the apartment was 30,000 square feet. Trump’s penthouse value may have been inflated Here are some key insights from the attorney general’s filing: Trump has denied wrongdoing, and a spokesperson for the Trump Organization said in a statement that the “allegations are baseless and will be vigorously defended.” James alleged since initiating the investigation in 2019 that her office has uncovered “significant” evidence “indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.” New York attorney general's office says it has identified numerous 'misleading statements and omissions' in Trump Org. People walk by Trump Tower on Septemin New York City.
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