: New York AG now investigating Trump Organization ‘in a criminal capacity’

The New York attorney general’s office said Tuesday night that the Trump Organization is now being investigated “in a criminal capacity.”

In a statement emailed to media organizations, Attorney General Letitia James’s office said: “We have informed the Trump Organization that our investigation into the organization is no longer purely civil in nature. We are now actively investigating the Trump Organization in a criminal capacity, along with the Manhattan D.A.”

Last August, the state attorney general’s office ramped up an investigation, which started in 2019, into whether Donald Trump’s company illegally inflated the value of its assets in order to get loans or tax benefits.

Manhattan District Attorney Cyrus Vance has also been looking Trump and his company’s finances in a separate investigation. Vance’s office obtained Trump’s tax returns in February.

The two investigations overlap in some areas, and the two offices have reportedly been working together on some matters.

Trump has previously dismissed the investigations as politically motivated. Both James and Vance are Democrats.

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May 19, 2021 at 02:49PM
Mike Murphy
http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7431-30938F5F3EEB%7D&siteid=rss&rss=1