New York Attorney General Rejects Trump Organization’s Settlement Offer

The New York Attorney General’s office this month rejected an offer to resolve a civil investigation into former President Donald Trump and his family real estate business, sources familiar with the matter told ABC News.

For more than three years, New York Attorney General Letitia James has been investigating whether Trump fraudulently adjusted the value of his assets to secure loans or tax breaks.

James had previously said in court documents that she had found evidence of possible fraud. The rejection of the Trump Organization’s settlement offer is a possible sign that it intends to pursue legal action which, if successful, could result in financial penalties or restrictions on the organization’s ability. business to operate in New York.

A spokesperson for the AG declined to comment. The Trump Organization did not respond to an ABC News request for comment.

The public entrance to Trump Tower stands on Fifth Avenue in Midtown Manhattan, New York, September 22, 2017.

Robert Alexander/Getty Images, FILE

News of the rejected settlement offer was first reported by The New York Times.

Trump, who has denied any wrongdoing, called the investigation a politically motivated witch hunt. He repeatedly invoked his Fifth Amendment right against self-incrimination during a deposition last month in James’s office.

In a January court filing, James accused Trump of misrepresenting objective facts, overstating his liquidity and failing to use fundamental asset pricing techniques. The filing mentioned financial statements associated with seven different Trump properties, including 40 Wall Street, the Trump Tower apartment on Fifth Avenue, and golf clubs in Scotland and Westchester County, New York.

Last month, in a separate case, the Trump Organization’s longtime chief financial officer, Allen Weisselberg, pleaded guilty to charges of running a year-long scheme to avoid paying taxes on nearly 2 millions of dollars in income, including benefits like rent, luxury cars and private tuition for his grandchildren.

He has also agreed to testify against the Trump Organization when the company goes on trial under the so-called compensation scheme starting in October. The plea deal contains no obligation for him to cooperate in the related criminal case against Trump himself.

Aubrey L. Morgan