NY attorney general sues Eric Trump, Trump Organization

NEW YORK — New York Attorney General Letitia James is conducting a broad inquiry into the Trump Organization’s financial dealings that includes an investigation into whether President Donald Trump and his son Eric Trump improperly inflated the value of a 230-acre family retreat in Westchester County, court filings revealed Monday.

Papers filed in Manhattan Supreme Court indicate James’ office has not yet determined whether Trump, his family or company broke any laws. The civil investigation centers on allegations Trump’s company committed fraud by attempting to minimize real estate taxes, including on his Seven Springs property in Bedford.

The Trump Organization received a $21.1 million tax deduction on the property with a 50,000-square-foot mansion in 2015. Eric Trump is president of the corporate entity that owns Seven Springs and was “intimately involved” in efforts to develop the site, according to the attorney general’s office.

The attorney general opened the probe in March 2019 following Michael Cohen’s testimony to Congress, filings state. Other Trump properties including 40 Wall St., Trump International Hotel and Tower Chicago and the Trump National Golf Club in Los Angeles are part of the investigation, according to papers. The attorney general’s office said it sought court intervention after months of stonewalling by Eric Trump and the company.

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