Trump

NY Attorney General rejects Trump’s offer to close investigation into his business practices

The New York Attorney General’s office shot down an offer from the Trump Organization to resolve a civil investigation into former the organization and its founder, former President Donald Trump, ABC News reports.

New York Attorney General Letitia James has been investigating for more than three years whether Trump fraudulently adjusted the value of his assets to secure loans or tax breaks. In past court filings, she has announced that she’s found evidence of fraud. According to ABC News, the rejection of the settlement could be a sign that she intends to file a civil lawsuit.

From ABC News:

Trump, who has denied wrongdoing, has called the investigation a politically motivated witch hunt. He repeatedly invoked his Fifth Amendment right against self-incrimination during a deposition last month in James’ office.

In a January court filing, James accused Trump of misstating objective facts, overstating his liquidity, and failing to use fundamental techniques of asset valuation. The filing mentioned financial statements associated with seven different Trump properties, including 40 Wall Street, the apartment in Trump Tower on Fifth Avenue, and golf clubs in Scotland and in Westchester County, New York.

Read the full report over at ABC News

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