NY AG Office: 'Uncovered Significant Evidence' Suggesting Trump Organization Financial Statements Relied on Misleading Valuations of Assets

The New York Attorney General Office’s probe of the Trump Organization “uncovered significant evidence” suggesting that the company’s financial statements for more than a decade relied on misleading valuations of its real estate assets, the office said

Those potentially inaccurate valuations were used “to secure economic benefits — including loans, insurance coverage, and tax deductions — on terms more favorable than the true facts warranted,” the office said in a court filing.

The filing was made in response to the Trump Organization and former President Donald Trump’s appeal of a judge’s order that Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, had to submit to interviews under oath by investigators from James’ office.