A New York judge on Friday stepped up pressure on the businesses of former President Donald Trump’s family and allies, and ordered them to hand over to investigators a public inquiry into whether the company had misappropriated assets in exchange for bank loans and tax benefits.
Trump Faces Legal Pressure By Judges Order
Engoron of the state supreme court in Manhattan, had to deal with Trump’s company in recent weeks.
In December, he instructed the Trump Organization to disclose the records its lawyers had tried to protect, including some related to the Westchester County, New York area, including property considered by New York attorney general Letitia on Friday, Engoron said, adding that additional documents, and contacting a law firm employed by the Trump Organization, should be transferred to James’ office. In doing so, he rejected the lawyers’ claim that the documents were compiled with the right of attorney-client.
The decision was a new reminder that Trump – who resigned a week ago under a cloud of trial and was facing a Senate trial on “sedition” after his supporters attacked the Capitol with violent violence – faces serious legal risk as an independent citizen.
The most serious threats against the former president include a criminal investigation by a Manhattan regional attorney and a public investigation by the attorney general about possible fraud in Trump’s business dealings before he was elected.
former presidential lawyer
James’ investigation began in March 2019, after Michael Cohen, a former presidential lawyer, told Congress that Trump had put his assets in financial statements to protect bank loans and put them down elsewhere to reduce his tax revenue.
Investigators at James’ office have focused their attention on a number of issues, including the financial restructuring of the Trump International Hotel & Tower in Chicago in 2010 that led to Fortress Credit Corp’s pardoning a debt of more than $ 100 million.
James’ office said in court papers that the Trump Organization – Trump’s main business vehicle – had thwarted attempts to determine how the money appeared in its files, and that it had been declared a revenue stream, as required by law.
An analysis of Trump’s financial records by The New York Times found that he was avoiding tax on government revenue on almost every debt forgiven.
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examining whether the Trump Organization
James’s office is also examining whether the Trump Organization has used more measures when it comes to tax breaks after promising to save the world where its development efforts are failing, including in its Seven Springs area in Westchester County.
Accusing Trump’s organization of trying to block the investigation, attorneys in James’ office sought a judge’s order in August forcing the company to review documents related to the Seven Springs estate and other properties, and demanding that former president Eric Trump’s son, the vice president’s company, testify in the investigation.
In December, Engoron ordered the Trump Organization to hand over to James ‘office the engineers’ documents relating to the reduction of conservation in the Seven Springs area.
unfair estimate of assets has allowed the Trump
James’s office is looking into whether the reduction is legal and whether the unfair estimate of assets has allowed the Trump Organization to impose a $ 21 million tax that was not in its infancy.
In an order released Friday, Engoron also found out that Trump’s lawyers have asked for the right of attorney-client access to documents that do not work for them.
One of the communications, which was marked as a privilege, wrote that, “they were talking about business activities and decisions, not exchanging requests or providing legal advice.” He further added that communications relating to public relations were not legal and that right was issued in some cases where third parties were involved in negotiations.
Engoron did not specify in turn what documents should be provided to James’ office, but gave the Trump Organization until February 4 to respond.
A representative of the Trump Organization did not immediately respond to a request for comment.
The Seven Springs site is now a problem in a long-running case by Manhattan regional attorney Cyrus R. Vance Jr., as reported by The Wall Street Journal for the first time. Prosecutors involved in the investigation, Trump’s only active criminal investigation, also set up records relating to Westchester’s property, according to people familiar with the case.
Vance’s investigation has been largely suspended since last autumn, when Trump filed a lawsuit to block his tax return and other records, sending a bitter dispute to the U.S. Supreme Court for the second time. A decision is expected soon.