Letitia James' office said evidence showed that the Trump Organization routinely misrepresented the value of its properties in financial statements.
NEW YORK -- The New York attorney general's office late Tuesday told a court its investigators had uncovered evidence that former President Donald Trump's company used"fraudulent or misleading" asset valuations to get loans and tax benefits.
James' office detailed its findings in a court motion seeking to force Trump, his daughter Ivanka Trump and his son Donald Trump Jr. to comply with subpoenas seeking their testimony. In a statement late Tuesday, James office said that it hasn't decided whether to pursue legal action, but said the evidence gathered so far shows the investigation should proceed unimpeded.
-- Added a"brand premium" of 15% to 30% to the value of some properties because they carried the Trump name, despite financial statements explicitly stating they didn't incorporate brand value.
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