Trump Organization: Just as the Great Song "The Heat is On" Says Near Trump's Empire Inc.

 

The NYS AG is hot on your trail

(Bring it on his smirk implies)

Also in the NYS AG's crosshairs

(Eric Trump earlier pleaded the 5th 500 times)

The NYS AG looking at evidence vis-à-vis the Trump Organization and criminal charges of fraud from ABC News with this story headline:

“Significant evidence” of alleged fraud in Trump business investigation, NY AG says

NYS AG Letitia James said that her office has uncovered “significant evidence of fraud” in her civil investigation of Trump and the Trump Organization.

Her unusual statement amid an ongoing investigation came as her office argued in court papers that Donald J. Trump; Donald Trump, Jr; and Ivanka Trump-Kushner have not sufficiently responded to subpoenas issued as part of the investigation.

James’ release on January 11 said: “Thus far in our investigation, we 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. The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”

The motion to compel their testimony, filed late Tuesday after the Trumps sought to quash the subpoenas, said each of the individuals was directly involved in one or more transactions under review.

The investigation is reviewing whether the Trump Organization used fraudulent or misleading valuations of its holdings in different ways to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.

A parallel criminal investigation is underway by the Manhattan DA with charges Trump's company and CFO with tax fraud – both have pleaded not guilty.

The Trumps also have repeatedly denied wrongdoing and attacked the investigations as politically motivated.

Trump Organization attorney Alan Futerfas said: “In 160 pages of legal briefing, the Attorney General’s Office deliberately fails to address Ms. James’s repeated threats to target the Trump family and her assertions about her criminal investigation – all which are the essence of our motion to quash the subpoenas or stay them. The Office fails to answer how they can be conducting a criminal investigation and indicting on July 1, 2021, the arraignment of which Ms. James attended arm in arm with Cy Vance and issued press releases and talk show statements about, and yet ignore the NY Constitutional grand jury protections provided to the very people she is investigating.”

AG James then said in her statement: “The Trumps have used delay tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings.”

The investigation began in March 2019, after Trump’s former lawyer, Michael Cohen, testified before Congress in part that: “Trump’s annual financial statements inflated the values of Trump’s assets to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes.”

According to the filing, investigators have determined that the “Statements of Financial Condition” issued annually to describe Trump's financial condition described the valuation process in broad terms and in ways which were often inaccurate or misleading when compared with the supporting data and documentation that the Trump Organization submitted to its accounting firm.

For instance, the AG's office alleges that the statements misstated facts, like the size of Trump's New York penthouse and alleges that there's evidence the Trump Organization submitted “false or misleading valuations to the IRS pertaining to a golf course in LA and property in Westchester County, NY.”

Related short video clip here from CNN – same subject.

My 2 Cents: Based on Trump’s smug expression and his lawyer’s statement I conclude that to mean just like that movie title “Catch me if you can”

FYI for “The Donald:” They can, will, and are about to catch you. You have skated criminal justice far too long - so, now it's time you pay for your years and years or crimes and escaping justice. Now you will and must be held to account for one simple reason and it’s not about who you are, or were, or even about politics – it’s about simply saying to the people: “That no one not even Donald J. Trump is above the law.”

More later I am sure on this critical legal issue.

Thanks for stopping by.