Trump is facing charges of bank and tax fraud. Trump and his family run organization are accused of misstating the value of Trump properties. The state of New York are especially interested in his undervaluing properties to avoid property taxes. Trump just admitted that in a tweet by his assistant Liz Harrington who tweets on Trump's behalf since he was kicked off of Twitter.
Donald Trump’s annual financial statements ‘should no longer be relied upon,’ accounting firm says
The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump's image as a wealthy businessman, "should no longer be relied upon" after New York's attorney general said they regularly misstated the value of assets.
Could Thursday Be the Worst Day Yet for Trump and His Kids?
Former President Donald Trump and two of his adult kids are aggressively trying to avoid explaining—under oath—why so many of their business properties have wildly different values on paper. A New York judge will decide their fate on Thursday.
On Feb. 17, Judge Arthur F. Engoron will hear defense attorneys and investigators spar over whether Don Jr., Ivanka, and their former president father can keep dodging subpoenas recently issued by the New York Attorney General’s office, which is investigating potential bank fraud.
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