Trump tells banks that his 11,000-square-foot Trump Tower triplex is triple the size, New York AG says

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New York Attorney General Letitia James took legal action Tuesday night to force former President Donald Trump and two of his children, Donald Jr. and Ivanka, who appeared for sworn testimony as part of her office’s ongoing civil investigation into the Trump Organization’s financial dealings. James subpoenaed Trump in December and Don Jr. and Ivanka in January, and Tuesday’s motion opposes Trump’s attempts to repeal those subpoenas.

“So far in our investigation, we have uncovered significant evidence suggesting Donald J. Trump and the Trump Organization wrongly and fraudulently valued multiple assets and defrauded those amounts of financial institutions for economic gain. , “James said in a statement. “Trumps must comply with our legal subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”

The attorney general’s (OAG) new filings office included several allegations of news fraud, including Ivanka Trump having the option to buy an apartment in the massive Trump Park Avenue building worth $ 8.5 million, though Trump’s financial statements cost it as much as $ 25 million.

And Trump claimed in multiple financial statements that his gilded Trump Tower triplex, valued at $ 127 million, was valued at $ 327 million, ”based on the apartment with 30,000 square feet of space multiplied by a certain price per square foot, “the attorney general’s office said. “However, the actual size of Mr. Trump’s triplex apartment is 10,996 square feet, and documents proving that fact were signed by Mr. Trump himself in 2012,” the report said. “In testimony to the OAG, Trump Organization CFO Allen Weisselberg admitted that the value of Mr. Trump’s apartment was overstated by the ‘give or take’ $ 200 million.”

“As the papers filed today clarify,“ each of the three Trumps ”are directly involved in one or more of the transactions under review,” James ’press release said. “While the OAG has not yet reached a final decision about whether this evidence is worthy of legal action, the grounds for pursuing the investigation are clear.”

The chances that James will eventually seek legal action are “quite high,” said a source familiar with the Rolling Stone investigation. “The main thing here is that this new information shows that Trump and his family were personally involved in this fraud.” Trump and his lawyers had previously called the attorney general’s investigation politically motivated persecution.

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