11/7/2023 0 Comments Ny ag subpoenas![]() James says the father-daughter duo also gave an in-person presentation to the agency, which ultimately awarded them the lease of the federal government-owned building beginning in 2013. James alleges Ivanka Trump and her father pitched to the General Services Administration his financial capability – including by sending the agency financial statements that included misrepresentations – in order to secure the lease for the hotel. The statements were “critical to the overall success of the investment in the Old Post Office property in Washington, DC," which became the Trump International Hotel, James' lawsuit says. The lawsuit from New York Attorney General Letitia James accuses former President Donald Trump of using allegedly doctored financial statements in his and Ivanka Trump's personal pursuit to open a luxury hotel in Washington, DC, in the years before he ran for the presidency. People photograph the outside of the Trump International Hotel in Washington, DC, in May. ![]() Trump that required him to provide annual Statements of Financial Condition and certifications,” the lawsuit says. Trump was aware that the transactions included a personal guaranty from Mr. "On each of those transactions with Deutsche Bank, Ms. The lawsuit pointed to Ivanka’s involvement in securing a loan for purchasing the Doral golf course in Florida and Chicago properties in 2012 – loans that James claims were extended partly because of financial statements allegedly containing misrepresentations. testified that the rent-stabilized tenants at the building were, ‘the bane of existence for quite some time,’” the lawsuit said. “The Trump Organization was well aware of the rent-stabilized nature of many units at the property, as any landlord would be. Yet, Trump financial statements put a value on the units roughly six times higher than what the appraiser had concluded, the lawsuit said. An appraisal of the property by an outside firm in 2010 for a loan took into account how some of the units were rent-stabilized, lowering their value, according to James’ complaint. as it describes how the value of Trump Park Avenue was allegedly inflated on Trump financial statements. The lawsuit also quotes testimony from Donald Trump Jr. “Eric Trump, invoking his Fifth Amendment right against self-incrimination, refused to answer questions related to his participation in the drafting of each of the 2013 through 2016 Statements.” “By using the fraudulent valuation methods and assumptions described above, the Trump Organization was able to inflate the value of Trump Vegas in each of the years from 2013 to 2016,” the complaint said. The lawsuit, for instance, alleges that Eric Trump was involved in an approach to appraising properties in Las Vegas in a way that lowered their value for tax purposes while inflating their value on Trump financial statements. The children are mentioned in connection with several of the episodes laid out in the lawsuit in which the New York attorney general alleges Trump and his businesses made false statements about their finances. Trump and his children,” the lawsuit said, adding that the children were “aware of the true financial performance of the company.” The scheme “required the participation of Mr. “knowingly participated” in the fraudulent schemes alleged by New York Attorney General Letitia, her complaint said, pointing to how the three Trump children “were intimately involved in the operation of the Trump Organization’s business.” (Jabin Botsford/The Washington Post/Getty Images)Įric Trump, Ivanka Trump and Donald Trump Jr. From left, Donald Trump Jr., Ivanka Trump and Eric Trump attend a meeting at Trump Tower in New York in 2016.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |