New York AG Seeks To Depose Eric Trump In Probe Of Trump Org. Financial Dealings
New York Attorney General Letitia James asked in a Monday court filing for a court to compel Eric Trump’s deposition in an investigation of the Trump Organization, CNN reported.
- James said in the filing that Eric Trump had agreed to be deposed on July 22 but later refused “less than two days before he was scheduled by agreement to give testimony."
- In the filing, “James' office outlined the scope of the investigation into whether the Trump Organization ‘improperly inflated the value of Mr. Trump's assets on financial statements in order to secure loans and obtain economic and tax benefits,’” according to the report.
- CNN noted that “The attorney general's office has been investigating President Donald Trump and the Trump Organization since 2019, when Trump's former attorney Michael Cohen testified before Congress that Trump's annual financial statements inflated the values of his assets in order to secure favorable loans and insurance coverage, but deflated the value of other assets in order to reduce real estate taxes.”
- James’ office says in the Monday filing that Eric Trump’s attorney “sent a letter to the attorney general saying he would invoke ‘those rights afforded to every individual under the Constitution’ as justification not to testify.”
- The Trump Organization’s chief legal officer responded to the development saying: "There has been no lawsuit filed by the NY Attorney General. This is simply a discovery dispute over documents and the like. As the motion papers clearly state, the NY AG has made no determination that anything was improper or that any action is forthcoming. We will respond to this motion as appropriate."