After asking the state Supreme Court to contempt Donald Trump for failing to comply with subpoenas for their investigation into his financial dealings, New York Attorney General Letitia James filed a motion to compel a real estate firm appraising his properties to cooperate.
Her office has conducted a wide-ranging civil investigation into the Trump family and their New York-based Trump Organization, whom she has accused of “fraudulent or deceptive” practices, including repeatedly misrepresenting the value of assets “in order to obtain a variety of economic benefits, including loans, insurance coverage and tax deductions.”
On April 9, she asked the state Supreme Court to compel Cushman & Wakefield — which has conducted appraisals for several Trump properties, including the 40 Wall Street skyscraper in Manhattan and the Trump National Golf Club in Los Angeles — to comply with the subpoenas comply with those related to the case.
“Cushman & Wakefield’s work for the Trump Organization is significant to our ongoing investigation into Donald J. Trump and the Trump Organization’s financial practices,” Attorney General James said in a statement.
“There should be no doubt that information about Cushman’s evaluation work for the Trump Organization is relevant to our efforts and that Cushman – like any other party – cannot resist a lawful subpoena because no one is above the law,” she said.
The global real estate company – which has not been charged with any wrongdoing – complied with an earlier subpoena but claims more recent requests are too broad.
Ms. James has solicited information on valuations at three Trump properties, including 40 Wall Street, Trump National Golf Club and the Seven Springs Estate in New York’s Westchester County.
According to its office, the firm made three appraisals for 40 Wall Street to Capital One Bank between 2010 and 2012, valuing the Trump Organization’s involvement in the property at $200 million to $220 million.
According to the attorney general, the property was included in Trump’s financial statements for the same period at $601.8 million in 2010, $524.7 million in 2011, $527.2 million in 2012, and $530.7 million US dollars valued in 2013. The bureau claims these ratings were used to obtain credit.
She also alleges that the Trump Organization submitted misleading or fraudulent reviews regarding Seven Springs and the Los Angeles Golf Club that were used to obtain tax deductions.
The firm, which severed ties with the former president’s firm after the attack on the US Capitol on Jan. 6, said in a statement it stood behind its assessments.
“Any suggestion that Cushman & Wakefield failed to respond in good faith to the Attorney General’s investigation is fundamentally untrue,” the firm said. “The Attorney General’s filing does not accurately reflect Cushman & Wakefield’s responses to previous subpoenas and inquiries. We stand behind our reviewers and our work.”
On April 7, Ms. James filed a separate motion asking the state Supreme Court to convict the former president of failing to produce evidence in the investigation and proposing a daily fine of $10,000 for each day , where he refused to comply with a court order.
In February, Judge Arthur Engoron dismissed Mr Trump’s attempt to evade the subpoena, and Mr Trump faced a deadline of March 31 to produce documents as part of Ms James’ investigation into his financial dealings – a date , which both parties agreed to.
“The judge’s order was crystal clear: Donald J. Trump must comply with our subpoena and deliver relevant documents to my office,” she said in a statement. “Rather than comply with a court order, Mr. Trump is attempting to evade it. We call for the court to intervene immediately, because no one is above the law.”
In a statement from his Save America political action committee, Mr Trump claimed the investigation was an “absolute violation” of his civil rights and called Ms James “a Democratic Party operative in a political prosecution” and an “embarrassment to our attorneys.” System.”