'Significant evidence' of alleged fraud in Trump business investigation, NY AG says

Summary

New York Attorney General Letitia James said that her office has uncovered “significant evidence” of fraud in her civil investigation of former President Donald Trump and the Trump Organization.
The unusual statement amid an ongoing investigation came as James’ office argued in court papers that Donald J. Trump, Donald Trump, Jr., and Ivanka Trump have not sufficiently responded to subpoenas issued as part of the investigation.
“Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit,” James said in a release late Tuesday night.
The investigation is reviewing whether the Trump Organization used fraudulent or misleading valuations of its holdings in different ways to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.
A parallel criminal investigation is underway by the Manhattan District Attorney’s office that has already resulted in criminal charges against the company itself and its chief financial officer.