The Trump Organization is due to turn over documents relating to a property under investigation by the New York Attorney General, following allegations that the president and his associates inflated assets to get millions of dollars in ‘fiscal advantages.
New York County State Supreme Court Judge Arthur Engoron ruled that State Attorney General Letitia James was receiving documents between Ralph Mastromanaco, an engineer who worked with the company on Seven Springs Estate, and the Trump Organization.
“Once again justice and the rule of law have prevailed,” the attorney general said in a statement. “We will immediately ensure that the Trump organization complies with the court order and submits the records relating to our investigation. My office’s ongoing investigation will continue, as we continue to follow the facts wherever they take us. ”
The 212-acre Westchester estate is one of four properties subject to a broad investigation into whether President Eric Trump’s son and his associates have inflated their assets, amid a series of allegations facing the Trump family , including an ongoing criminal investigation by Manhattan District Attorney Cyrus Vance, as the president prepares to step down.
Justice Engoron ruled that the company could not rely on attorney-client privilege to protect state attorney general documents.
He said the documents are due by December 18.
In August, the attorney general filed a motion requesting real estate documents and the testimony of several witnesses against the company. His investigation is looking at whether the company accurately valued the Seven Springs property which allowed more than $ 21 million in tax deductions as a result of a conservation easement donation for the 2015 tax year.
The investigation stems from the testimony of former attorney for President Michael Cohen, who pleaded guilty to lying to Congress and campaign finance violations.
He told a congressional committee in 2019 that the president “had inflated his total assets when it served his purposes, for example by trying to be among the richest people on Forbes, and had deflated his assets to reduce his property taxes”.
When asked directly under oath if the president had ever inflated his assets at an insurance company, he replied in the affirmative. He was also asked for the names of other people involved in the scheme and what other documents would reveal the president’s alleged fraud.