NEW YORK – The New York Democratic Attorney General on Monday asked a court to enforce subpoenas in an investigation into whether President Donald Trump and his companies inflated financial statement assets.

Attorney General Letitia James filed a petition in New York State Magistrates’ Court naming the Trump Organization, an asset coordination group for the Republican president, as a defendant along with other business entities. The file also named Eric Trump and Seven Springs, a New York estate owned by the Trump family.

The attorney general’s office is investigating whether the Trump Organization and the president have improperly inflated asset values ​​to secure loans and obtain economic and tax benefits. Investigators are investigating whether the Trump Organization and its agents have unduly inflated the value of Seven Springs north of the city.

In court documents, the attorney general’s office wrote that “information regarding the Seven Springs appraisal is material” to the office’s investigation.

Emails seeking comment were sent to attorneys for the Trump Organization and Eric Trump.

The investigation was launched in March 2019 after Trump’s longtime personal lawyer Michael Cohen told Congress that Trump inflated the value of his assets to secure more favorable terms for loans and hedging. ‘assurance.

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Since then, the attorney general’s office has issued “a number of subpoenas and collected testimony in search of background material on these issues,” the court file said. Investigators have yet to determine whether the law has been broken.

James’ office issued subpoenas to the Trump Organization and Seven Springs LLC in December 2019, searching for financial documents, according to the file. Since then, both have “engaged in long, good faith discussions regarding the Trump Organization’s compliance with subpoenas.”

The Attorney General’s office is also trying to collect information on several other Trump-related properties, including the Trump National Golf Club in Los Angeles, the Trump International Hotel and Tower in Chicago, and an office building on Wall Street in Manhattan where the Trump Organization “has a” land lease “relating to the property.

Hill reported from Albany, NY Balsamo reported from Washington, DC