Trump and His Children Fail in Their Latest Effort to Avoid Testifying Under Oath About Allegedly Fraudulent Family Business Practices – By Colin Kalmbacher (Law and Crime) / May 26, 2022
Former President Donald Trump failed in his latest bid to avoid answering questions under oath as part of an ongoing civil investigation into his namesake company’s business practices brought by New York Attorney General Letitia James (D).
“Once again, the courts have ruled that Donald Trump must comply with our lawful investigation into his financial dealings,” James said in a press release welcoming the ruling. “We will continue to follow the facts of this case and ensure that no one can evade the law.”
The underlying action is based on allegations the Trump Organization inflated the value of certain business assets in order to obtain more favorable loan terms while also fraudulently deflating the value of other assets in order to secure lower property tax rates.
