Main menu


So?Donald Trump and his three oldest children were all exiled in New York

featured image

  • Donald Trump was fired Wednesday by the New York Attorney General’s Office – after promising to defend himself in a fifth.
  • In the coming weeks, AG plans to file the long-threatened large-scale “enforcement action”.
  • It will seek exorbitant financial penalties for what the AG claims is a decade-long pattern of short-handed abuse of the Trump Organization’s real estate valuations.

Donald Trump Wednesday completed a court-ordered testimony in the New York State Attorney General’s Office investigation into alleged financial misconduct at the Trump Organization.

The former president left the office of Attorney General Letitia James in Lower Manhattan in a motorcade at 3:15 p.m. shook.

Throughout the interrogation, he referred to the Fifth Amendment and stood by his point, according to two people familiar with his testimony.

“It was actually very professional,” Trump attorney Alina Hubba told an insider.

So what’s next for Trump, the Trump Organization, and James’ three-year investigation?

In the coming weeks, the AG will file the long-threatened large-scale “enforcement action”. It’s basically a multi-hundred-page lawsuit against Trump and his Manhattan-based business.

The lawsuit seeks hefty financial penalties for a decade-long pattern of quick-and-rumble manipulation of the valuations of the Trump organization’s assets.

James allegedly fiddled with the numbers for Trump to suit him.

He kept his values ​​low to avoid property taxes. I appreciated the value of several of the same properties.

But fines and tax refunds may be the least Trump faces.

James also suggests seeking the dissolution of the business itself under New York State’s so-called corporate death penalty. make it possible to ask for

“It fits right into the crown jewel of his real estate portfolio,” said Tristan Snell, the lead prosecutor in another of the New York Attorney General’s investigations into another successful Trump University investigation.

“The problem is Trump Tower, so everything.” [where the Trump Organization is headquartered in Manhattan]It’s 40 Wall Street in question, which is one of his most loved properties and probably one of the more valuable,” Snell told Insider.

“It’s a big deal because all his golf courses are in jeopardy, too,” added the former prosecutor who founded, a company focused on helping small businesses.

“Trump would have to basically sell his property,” Snell said. You can, but it would definitely be a serious eyesore.”

International reporters await the completion of the depositions of former President Donald Trump in the New York State Attorney General’s Office on August 10, 2022.

Laura Italiano/Insider

So how did Trump act in the deposition?

A spokesman for the AG gave details, except that James confirmed that he “attended depositions during which Trump exercised his Fifth Amendment right to self-incrimination.” refused to

Snell and others believe that by admonishing Trump to keep his mouth shut, his lawyers may have saved him from his sometimes overly sulky self.

“In every case I’ve ever heard of him, as soon as he’s on record, he’s in that situation and doesn’t look much like his public persona. A little more careful, but not much,” said Snell.

“He goes on and on and on, and from that perspective, he’s a very good witness to dismiss,” he said.

“I’m sure they got practically nothing from Ivanka,” he added. “She must have testified in a discreet, very dry and mechanical way.”

The Trump Organization investigation marks the third time the former president has targeted the AG.

On both occasions so far, with the AG’s successful lawsuit against the Trump Foundation, which secured a $2 million fine in 2019, and the Trump University, Snell lawsuit, which secured a $25 million fine in 2018, Trump has was not dismissed.

Why did the AG insist on taking depositions in this current Trump Organization lawsuit? did it?

“These other things were peripheral,” Snell said of the other two cases, noting that the stakes are much higher now.

Snell predicted that if AG filed its enforcement action, “it would be heavy artillery.” “Big, big, big bombs are going to be dropped. This is going to be a lot,” he added with a laugh. “It’s going to be a book.”

Trump recently claimed on Wednesday that the AG investigation into his business was a politically motivated “witch hunt.”

But AG investigators said in court filings and hearings that a three-year investigation into Trump organization documents spanning a decade uncovered a pattern of financial misstatements in official documents. increase.

Many of the allegations surfaced as Trump and AG battled over subpoenas for two years.

The Trumps have fought back with dozens of court filings and hearings spanning Manhattan’s state courts and the Court of Appeals, and have been particularly fierce in their resistance to stepping down in the investigation.