The Manhattan District Attorney’s Office recently cited a New York City property tax agency as it increases its criminal investigation President Trump
Donald TrumpUN’s report says Erik Prince violated arms embargo against Libya: Lee reports after Romney’s dismissal vote: There is enough room in the Republican Party for Nunes’ lawsuit against CNN at all two released MOREcompany of possible tax fraud, according to Reuters.
On Friday, the New York City Tax Commission confirmed to the press that it was cited, an indication that Manhattan District Attorney Cy Vance Jr. may be seeking to assess property tax returns and Trump’s loan documents.
Investigators studying Trump’s business will now be able to examine tax agency documents, in addition to records previously cited by Trump’s creditors, to determine whether the former president inflated the value of his property in an effort to obtain loans. more favorable while registering lower values to reduce their taxes for the same properties, Reuters reported.
With the citation, the media noted, the New York Tax Commission may be more inclined to provide the courts with detailed Trump Income and Expense statements filed with the intent to reduce taxes on commercial properties. , including the Trump Tower and Trump Plaza.
Vance’s office declined to respond to the dam’s request for comment.
Reuters reported that court records have indicated that Vance’s office is investigating “possibly extensive and prolonged criminal conduct” in the Trump Organization.
According to reports, Vance’s investigation is the only known criminal investigation into Trump’s real estate relationships. New York State Attorney General Letitia James has led a civil investigation into whether or not the Trump business reported false real estate values in order to obtain tax breaks, the media reported.