New York Attorney General Letitia James filed a lawsuit against the Trump Organization, requesting a judge order Executive Vice President (EVP) Eric Trump to hand over financial documents on four separate Trump properties and testify in an upcoming trial related to the office’s ongoing civil probe into the Trump Organization’s financial dealings.
James announced on Monday via social media that Eric Trump, the second son of US President Donald Trump and current executive responsible for all operations and management of the Trump Organization, is now at the center of a lawsuit filed on Friday in the Manhattan-based New York Supreme Court.
“That’s why we filed a motion to compel the Trump Organization to comply with our lawful subpoenas for documents and testimony.”
She noted that the office’s probe initially began after Michael Cohen, the US president’s former personal attorney, revealed in sworn testimony before Congress that “Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans & insurance coverage, while also deflating the value of other assets to reduce real estate taxes.”
As a result of the disgraced attorney’s testimony, James’ office is now seeking “thousands of documents,” as well as testimonies from Eric Trump and others believed to have knowledge of “Trump Organization properties and transactions.”
According to the full news release on the matter, the four properties under investigation are: Seven Springs Estate, a 60-room mansion in Westchester County, New York; 40 Wall Street, the 71-story, Manhattan-based “Trump Building”; Trump International Hotel and Tower of Chicago, Illinois; and California’s Trump National Golf Club – Los Angeles.
In addition to his EVP title for the Trump Organization, Eric Trump is listed as president of Seven Springs LLC.
“In recent weeks, Eric Trump has refused to appear entirely to give testimony pursuant to a subpoena, despite his being an important character in certain transactions,” the release detailed, noting that the EVP’s refusal to cooperate has come alongside his acknowledgment of the office’s legal authority to investigate the matter.
Sourse: sputniknews.com
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