The civil investigation, led by N.Y. Attorney General Letitia James, involves allegations that Trump’s company misstated the value of prized assets, misleading lenders and tax authorities.
NEW YORK — Donald Trump invoked the Fifth Amendment andin the New York attorney general’s long-running civil investigation into his business dealings, the former president said in a statement Wednesday.
His decision comes just days after FBI agents searched his Mar-a-Lago estate in Florida as part of an unrelated federal probe intoThe civil investigation, led by state Attorney General Letitia James, involves allegations that Trump’s company, the Trump Organization, misstated the value of prized assets like golf courses and skyscrapers, misleading lenders and tax authorities.
The three Trumps’ testimony had initially been planned for last month but was delayed after the July 14 death of the former president’s ex-wife, Ivana Trump, the mother of Ivanka, Donald Jr. and another son, Eric Trump, who sat for a deposition in James’ investigation in 2020. James alleges the Trump Organization exaggerated the value of its holdings to impress lenders or misstated what land was worth to slash its tax burden, pointing to annual financial statements given to banks to secure favorable loan terms and to financial magazines to justify Trump’s place among the world’s billionaires.
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