Allen Weisselberg: Latest News

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Donald Trump - Ivanka Trump - Letitia James - Eric Trump - Allen Weisselberg - Alina Habba - NY attorney general sues Donald Trump - fox29.com - New York - city New York - city Washington - city Chicago - city Manhattan
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NY attorney general sues Donald Trump
Donald Trump (Official White House photo) NEW YORK - New York's attorney general is suing former President Donald Trump and his company, accusing business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.C. The lawsuit, which follows a three-year civil investigation by Attorney General Letitia James, also names Donald Trump Jr., Ivanka Trump, and Eric Trump — the former president's eldest children — as well as two longtime executives for the Trump Organization, former CFO Allen Weisselberg and Jeffrey McConney."Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself, and cheat the system, thereby cheating all of us," James said at the news conference.Her office has investigated what she said were the company's fraudulent or misleading valuations for its properties on annual financial statements that were given to potential business partners, banks or tax officials. The goal of the fraud was to burnish Trump's billionaire image and the value of his properties when doing so gave him an advantage, while playing down the value of assets at other times for tax purposes, the attorney general's office has said.Alina Habba, an attorney for Trump, said the lawsuit is "neither focused on the facts nor the law" but is about "advancing the Attorney General's political agenda.""It is abundantly clear that the Attorney General's Office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place," Habba said.
Donald Trump - Ivanka Trump - Letitia James - Allen Weisselberg - Trump - New York AG says Trump's company misled banks, tax officials - fox29.com - New York - city New York - state California
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New York AG says Trump's company misled banks, tax officials
Donald Trump (file photo) NEW YORK - The New York attorney general's office late Tuesday told a court that its investigators had uncovered evidence that President Donald Trump's company used "fraudulent or misleading" asset valuations to get loans and tax benefits.The court filing said state authorities haven't yet decided whether to bring a civil lawsuit in connection with the allegations, but that investigators need to question Trump and his two eldest children as part of the probe. Trump and his lawyers say the investigation is politically motivated.In the court documents, Attorney General Letitia James' office gave its most detailed accounting yet of its investigation into allegations that Trump's company repeatedly misstated the value of assets to get favorable loan terms or slash its tax burden.The Trump Organization, it said, had overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions.The company misreported the size of Trump's Manhattan penthouse, saying it was nearly three times its actual size -- a difference in value of about $200 million, James' office said, citing deposition testimony from Trump's longtime financial chief Allen Weisselberg, who was charged last year with tax fraud in a parallel criminal investigation.James' office detailed its findings in a court motion seeking to force Trump, his daughter Ivanka Trump and his son Donald Trump Jr.
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