NY Attorney General Letitia James has asked a judge to compel Donald Trump’s real estate appraisers to comply with subpoenas



Bestinau got that-


  • New York AG Letitia James on Friday asked a judge to force Cushman & Wakefield to hand over documents.

  • The company did appraisals for 40 Wall Street, Trump National Golf Club in LA and the Seven Springs estate.

  • James accused the company of illegally withholding documents related to financial transactions involving the properties.

New York Attorney General Letitia James is hunting for more Trump documents — this time from the former president’s real estate appraisers.

On Thursday, James had asked a Manhattan judge to fine Donald Trump a $10,000 per day for what she calls his failure to comply with her lawful subpoena for documents.

On Friday, she asked the same judge to force Cushman & Wakefield, a Chicago-based appraiser, to hand over documents she also accused of illegally withholding.

“Cushman & Wakefield’s work for the Trump Organization is important to our ongoing investigation into Donald J. Trump and the Trump Organization’s financial practices,” she said in a statement Friday night.

The company conducted appraisals on three Trump properties that James’ office is investigating, according to court documents detailing James’ request to Manhattan Supreme Court Justice Arthur Engoron to enforce their compliance.

One is Seven Springs, a 212-acre estate in Westchester County, north of New York City.

Court documents showed that Trump received a $21.1 million deduction on his 2015 taxes by donating a 158-acre easement on the property to a conservation fund, The Washington Post reported in 2020. James’s office is investigating whether Cushman & Wakefield inflated the easement value.

A second property is Trump National Golf Club in Los Angeles, where the former president received another write-off by donating an oceanfront easement that had been assessed by Cushman & Wakefield. James accused Trump of taking a federal tax break totaling more than $5 million using “misleading” valuations of that easement, which she said did not fully account for the property’s susceptibility to landslides.

The third building is 40 Wall Street, a 70-storey skyscraper. The New York AG is investigating whether Cushman & Wakefield increased the value of the property in connection with a 2015 refinancing of a mortgage loan on the building and other business deals.

James’ subpoena also requires the company to provide information about the company’s larger business relationship with the Trump Organization.

With a previous order from Engoron, the valuation agency had to submit all documents requested by James by October 2020 at the latest.

A representative from Cushman & Wakefield was not immediately available for comment. Company lawyers previously said the subpoenas are too broad and it has already handed over all relevant documents.

Engoron has yet to decide on James’ request for the $10,000 a day fine. Donald Trump, Ivanka Trump and Donald Trump, Jr. are appealing the February judge’s order that they comply with James’ demand for their statements.

Read the original article on Business Insider

Leave a Comment