Donald Trump Hit With Subpoena In Tax Fraud Investigation

Former President Trump is getting subpoenaed for his testimony in a New York state investigation into his business, per . His testimony has been targeted by New York state Attorney General Letitia James (D), who is investigating matters including whether the Trump family business essentially falsified valuations of certain assets in order to obtain financial benefits. James is seeking Trump’s testimony as part of her team’s civil probe into these matters, which is distinct from the criminal investigation (which James’s office is also supporting) that recently culminated in tax evasion charges against the Trump company and its longtime chief financial officer, Allen Weisselberg.

New details show depth of Meadows’ role in effort to overturn former President Trump’s 2020 loss

— MSNBC (@MSNBC) December 9, 2021

James hopes to take down Trump’s testimony on January 7. Per the rules of civil probes such as the one that James is conducting, criminal charges aren’t an option, although lawsuits over alleged misconduct remain possible.

It sure seems like Jared Kushner is looking to turn the relationships he formed during the Trump administration into business partnerships. That sure sounds like the exact thing his President promised to stop.

— Citizens for Ethics (@CREWcrew) December 5, 2021

In the meantime, the Times definitively reported on Thursday that James was set “to subpoena Trump,” adding that “because the [civil and criminal] investigations overlap — both Ms. James and [Manhattan-area District Attorney Cy] Vance are focused on whether Mr. Trump inflated his property values to secure financing, and their offices are working together — Mr. Trump could refuse to sit for a deposition once Ms. James formally subpoenas him.” As that theory goes, Trump’s “lawyers could ask a judge to block the deposition, arguing that Mr. Trump’s testimony could be unfairly used against him in the criminal investigation, violating his constitutional right against self-incrimination,” the Times notes.

Former President Donald Trump has been asked by New York investigators to answer questions under oath next month as part of the state’s civil probe into the financial practices of his sprawling real estate business

— Bloomberg (@business) December 9, 2021

Notably, the Times observes that another distinction between the nature of the civil investigation that James is conducting and a criminal investigation is that, in a civil case, jurors in a potential court proceeding are free to draw conclusions from defendants — even a former president — choosing not to testify. Thus, if Trump opts to try and evade questioning, then that itself could add to the case against him. Read more on this matter

Signs that Donald Trump owns a business: it’s under federal investigation. The latest one being investigated by the SEC is his new media company.

— Citizens for Ethics (@CREWcrew) December 7, 2021

Broadly, investigations into Trump’s business practices got going in substantial part over Congressional testimony from Trump’s longtime “fixer” Michael Cohen, who revealed the nature of some of the potentially criminal conduct that unfolded. Some of the differences in valuations put forward by the Trump business have been stark, and fraud could explain the issues. In 2012, for instance, Donald’s company claimed to potential lenders that a certain building in NYC was worth $527 million, and within months, it claimed to tax authorities that the same building was worth only $16.7 million. A higher valuation for lenders could make the business seem better off, while a lower one for tax authorities could lessen the bills needing payment.

Failing to suspend the Trump Organization and all of its entities and top officers from doing business with the government would open the government up to further abuses and set a dangerous precedent.

— Citizens for Ethics (@CREWcrew) December 1, 2021

The post Donald Trump Hit With Subpoena In Tax Fraud Investigation appeared first on Bipartisan Report.