“After conducting a diligent search and review, counsel for the respondent determined that the respondent was not in possession of any documents responsive to the subpoena and that all potentially relevant documents were in possession, under custody or under the control of the Trump Organization,” Trump attorney Alina Habba said. in a court filing on Tuesday.
New York Attorney General Letitia James is seeking to scorn Trump and fine him $10,000 a day for failing to comply with a subpoena issued in December for documents. Investigators are looking for documents and communications related to statements of Trump’s financial condition, the valuation of assets on the statements and documents used to prepare the statements, according to the subpoena.
James’ subpoena also seeks documents relating to the financing of the Trump International Hotel & Tower Chicago, conservation easements, planned development of the Trump family estate known as Seven Springs, insurance coverage and documents about his wealth that were provided to reporters with Forbes magazine. .
James’ office has increased the pressure to force compliance with subpoenas as it heads towards an end-April deadline when a toll agreement with the Trump Organization expires. Last month, at his request, New York State Judge Arthur Engoron set a deadline forcing the Trump Organization to fully comply with subpoenas for documents by April 29. James’ office also pressured Trump personally to respond to requests for documents by moving to hold him in civil contempt.
James alleged that since the initiation of the investigation in 2019, his office has uncovered “significant” evidence “indicating that the Trump Organization used fraudulent or deceptive asset valuations to obtain a multitude of economic benefits, including loans, insurance coverage and tax deductions”.
Trump has denied any wrongdoing and a spokesperson for the Trump Organization said in a statement that “the allegations are without merit and will be vigorously defended.”
The dispute over Trump’s records was previewed in a January court filing when James’ office said it learned from witnesses that Trump kept hard copies of documents and used sticky notes to communicate with employees. He said a filing cabinet containing Trump’s files was never searched to comply with a subpoena.
“This record was never searched because the Trump Organization has determined, improbably, that Mr. Trump was not involved in the preparation of his own financial statements,” the AG’s office wrote.
During the court hearing last month, a lawyer for the attorney general’s office said it was “incredible” that the Trump Organization only identified 10 documents it said came from the files of the office of the attorney general. Trump.
Investigators have also sought to scorn the Trump Organization’s longtime appraiser, Cushman & Wakefield, for failing to comply with subpoenas. The attorney general’s office said it was looking into the potential culpability of appraisers in preparing the financial statements. Cushman said it was “fundamentally wrong” that he did not respond to the attorney general’s office and that he supported his evaluators.
Engoron has scheduled a hearing for Monday to consider the attorney general’s contempt motion.
If you have any query regarding content, please comment below. Thanks