JUST IN: Former President Donald Trump says he invoked the Fifth Amendment and wouldn't answer questions under oath in the long-running New York civil investigation into his business dealings.
In May, James' office said that it was nearing the end of its probe and that investigators had amassed substantial evidence that could support legal action against Trump, his company or both. The Republican's deposition — a legal term for sworn testimony that’s not given in court — was one of the few remaining missing pieces, the attorney general’s office said.
James, a Democrat, has said in court filings that her office has uncovered “significant” evidence that Trump’s company “used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.” Trump has denied the allegations, explaining that seeking the best valuations is a common practice in the real estate industry. He says James’ investigation is part of a politically motivated “witch hunt” and that her office is “doing everything within their corrupt discretion to interfere with my business relationships, and with the political process.”
That probe had appeared to be progressing toward a possible criminal indictment, but slowed after a new district attorney, Alvin Bragg, took office in January. A grand jury that had been hearing evidence disbanded. The top prosecutor who had been handling the probe resigned after Bragg raised questions internally about the viability of the case.
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