Trumps, NY AG reach agreement over depositions, appeal in Trump Organization business practices – NBC New York
What there is to know
- The Trumps and the New York Attorney General’s office have reached an agreement on the impending depositions and appeal in the ongoing civil investigation into the former president and his company, the Trump Organization, according to court documents.
- Lawyers for former President Donald Trump and his children, Don Jr., and Ivanka, are appealing a judge’s order that the trio sit for their depositions on Monday.
- New York Attorney General Letitia James has spent more than two years investigating whether the Trump Organization has deceived banks or tax authorities about the value of assets — either inflating them to get favorable loan terms or deceiving them. minimizing to save tax.
The Trumps and the New York Attorney General’s office have reached an agreement on the impending depositions and appeal in the ongoing civil investigation into the former president and his company, the Trump Organization, according to court documents.
Lawyers for former President Donald Trump and his children, Donald Jr., and Ivanka, are appealing a judge’s order that the trio sit for their depositions on Monday. The parties agreed on Thursday that there would be an accelerated briefing schedule in the appellate fight before the First Appellate Division.
Further, both parties have agreed to suspend deposition until this appeal is heard and decided.
If the Appeals Division determines that the three Trumps should sit for depositions, the agreement filed Thursday states that they must sit within 14 days of that decision for deposition. Unless the appeal deposition suspends the deposition for a period of time as part of its decision.
All three were originally scheduled to be filed Thursday.
New York Attorney General Letitia James, a Democrat, has spent more than two years researching whether the Trump Organization has deceived banks or tax authorities about asset values – inflating them to get favorable loan terms or minimizing them to reap tax savings.
The Trump Organization and the Trump Organization’s longtime chief financial officer, Allen Weisselberg, have been indicted in what prosecutors said was an “orchestrated” 15-year plan to compensate the company’s top executives for the former president “off the books” and help them avoid paying taxes.
The Trump Organization has pleaded not guilty to charges of tax evasion and falsifying business records. Weisselberg, 73, pleaded not guilty to charges of grand theft and tax evasion, among other charges, after prosecutors accused him of personally evading taxes on $1.7 million of his earnings.
In the past, the former Republican president has denounced James’ investigation as part of a “witch hunt” as well as a parallel criminal investigation by the Manhattan District Attorney’s Office.
Although James’ civil investigation is separate from the criminal investigation, his office has been involved in both, sending multiple attorneys to work side-by-side with prosecutors from the Manhattan District Attorney’s Office.
Last year, then-district attorney Cyrus Vance Jr. gained access to the longtime real estate tycoon’s tax records after a years-long struggle that went to the state Supreme Court twice. -United. He also filed tax evasion charges in July against the Trump Organization and Weisselberg.
Before leaving office, Vance convened a new grand jury to hear evidence in the inquest, but left the decision on additional charges to his successor, Bragg.
Trump has already been subpoenaed, testifying in October in deposition for a lawsuit brought by protesters who say his security team brutalized them at the start of his presidential campaign in 2015. Some presidents have been the subject of a subpoenas during their tenure, including Richard Nixon in 1974 for his infamous Watergate recordings.
Thursday’s announcement of a reached agreement on depositions and appeal is just the latest in a years-long saga for Trump. Last month, Trump accountants informed the Trump Organization that 10 years of the former president’s financial statements can no longer be trusted – and asked his company to tell everyone the same its lenders.
Mazars’ letter to the Trump Organization’s chief legal officer was dated Feb. 9 and was leaked Feb. 14 by the New York Attorney General’s office, as part of a filing in the office’s ongoing battle with Trump. trying to compel him to testify in a civil case. investigation.
It covers financial documents prepared for Trump for the 10 fiscal years that ended June 30, 2011 through June 30, 2020, including nearly all of his presidency.
“We have reached this conclusion based, in part, on documents filed by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources,” the attorney general wrote. de Mazars, William Kelly.
“Although we have not concluded that the various financial statements, taken together, contain material differences, based on the totality of the circumstances, we believe that our advice to no longer rely on these financial statements is appropriate. “, Mazars’ letter continued.
The company said its conclusion was based on documents filed by the attorney general’s office, their “own investigation” and other information from different parties.
Days after accountants told the Trump Organization not to use 10 years of tax records, the two lead prosecutors involved in the investigation of the Trump Organization and former President Donald Trump have resigned from the US Attorney’s Office. district of Manhattan, a spokesperson confirmed to NBC News. .
Carey Dunne, who championed the legal fight to get the former president’s tax returns and tax documents all the way to the Supreme Court (twice) and won, left office with Mark Pomerantz, who was recruited in private practice to help lead the investigation, spokeswoman Danielle Filson said.
Filson, representing Manhattan District Attorney Alvin Bragg’s office, said in a statement, “We are grateful for their service” and “the investigation is ongoing.”
She said she couldn’t comment further.
Dunne laid out the charges against Weisselberg and the Trump Organization itself last July.
Pomerantz was hired by then-Manhattan District Attorney Cy Vance because of his expertise in white-collar cases and complex financial cases. Pomerantz had a role in the witness interview, NBC News previously reported.