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    Categories: Lifenews

Trump Organization In Hot Water As Court Investigates Property Tax Abatements


A recent court ruling demanded that the Trump Organization turn over documents to the New York attorney general.

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The news comes in as the Trump Organization undergoes a series of investigations regarding a certain property’s tax abatements. Furthermore, news sources confirm how the investigations are now in the hands of the New York Attorney General, Letitia James’ office.

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Previously, the Trump Organization expressed how the documents were under the protection of an attorney-client privilege. Now, one of the company’s attorneys, Amy Carlin, argued how the Trump Organization expected those matters to remain confidential.

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Source: Yahoo.com

The recent public statement that was released by the Trump side stated: ‘there was every expectation that all of those communications would be confidential.’ This was in regards to discussions about a particular property, situated in Westchester County. It also involves an engineer.

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Source: Signs of the Times

On the other hand, the office for the attorney general argued how the documents weren’t privileged.point 212 |

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And that’s because Trump’s company ‘waived away the privilege,’ as it disclosed particular documents to IRS.point 117 | Therefore, this was so they could ‘gain benefits.point 165 | ’ Attorney Eric Haren made the bold statements, alongside the Attorney General’s office recently.point 261 | 1

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Source: The New York Times

In the same way, Haren also explained how ‘almost everything’ wasn’t disclosed to his office, other than the final value for the appraisal.point 257 |

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Since then, James’ office was working its way at investigating President Trump as well as his organization, since the year 2019.point 114 | And this was when Trump’s ex-attorney, Michael Cohen, testified his stance, before the Congress.point 203 | 1

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Source: Wikipedia

Here, Cohen made claims about how Trump’s yearly financial statements greatly inflated all the values of his assets.point 221 |

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This way, they could work their way towards securing numerous favorable loans as well as insurance coverage.point 92 | Just like that, they also deflated the values of their other assets, just so they could reduce their taxes for real estate.point 194 | 1

Source: NPR

Therefore, Haren expressed how the refusal of the organization to release those very documents led to a delay in the attorney general’s investigations.

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