A New York Judge Ordered Lawyers for Trump’s Company and his Son, Eric, to Court Sept. 23rd to Explain why they should Not be Subject to Subpoenas issued by the State’s Attorney General’s (AG) Office as part of an Ongoing Civil Investigation.

AG, Letitia James (D) is investigating whether the Trump Organization Increased the Value of Real Estate Assets on Annual Financial Statements that were used to Obtain Loans, as well as to Decreased the Value to get Economic and Tax Benefits related to those Properties.

This New Probe takes place while a Probe by Manhattan District Attorney, Cyrus Vance Jr., is seeking Trump’s Tax Returns.

On Wednesday Sept. 2nd, Judge Arthur Engoron of the State Supreme Court in Manhattan, issued an Order to Show Cause to the Trump Organization, Eric Trump, and the other Subpoena Targets, telling them to appear in Court Sept. 23rd to explain why they should Not be Compelled to Comply with James’ Subpoenas. Engoron also Ordered that they File any Legal Papers Opposing the Subpoenas by Sept. 16th in Supreme Court, New York's Trial Court level.

Unlike James’ Civil Investigation, Manhattan DA Cyrus Vance Jr.’s Office is Conducting a Criminal Probe.

James wants Eric Trump, who Runs the Trump Organization with his Brother, Donald Trump Jr., to Testify in the Investigation, and is also seeking Thousands of Pages of Documents related to the Properties, which she says are being Withheld. James’ Office has said that Eric Trump was Scheduled to be Interviewed by AG Investigators in July, but “now refuses to appear”.

Eric Trump, on Aug. 24th, the same day that James’ Court Filings about the Subpoenas became Public, accused the Attorney General on Twitter of “the highest level of prosecutorial misconduct,” which was “purposely dropped on the eve of the Republican” National Convention “for political points.”

Trump Organization Spokesman Alan Garten, in a Statement that same day, called the Case “simply a discovery dispute over documents and the like.” Discovery is the Process of Parties in a Legal Case exchanging Documents, Submitting to Depositions, and providing other Information to each other.

Engoron is the Second Judge to be Assigned to the Case. The First Judge, Debra James, Removed herself from the Case on her own Accord shortly after James filed it. Judge James in a Court filing said she had Determined “that she must recuse herself.” The Judge did Not Explain what led her to make that Determination.

AG James launched the Investigation into the Trump Organization in 2019 following Testimony before Congress by Michael Cohen, the Former Personal Lawyer and Fixer for Trump, who testified “that Trump’s annual financial statements inflated the values of Trump’s assets to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes,” the Attorney General’s Office noted in a Statement last month.

One focus of James’ Probe is the Trump Organization’s Seven Springs Estate, a 212-acre Property in Westchester County, New York. Court Filings have noted that Valuations of Seven Springs were used to Claim an apparent Tax Deduction of more than $21 Million for Donating a Conservation Easement on the Property in 2015. The Financial Times, last year, noted that Trump Purchased Seven Springs for $7.5 Million in 1996, but Valued it at more than $290 Million in 2012. Forbes Magazine, in 2014, said that the Property was worth Less than $19.5 Million, citing recent Property Sales and Local Realtors and Assessors.

James’ office in a Statement also said it was eyeing a Trump Building at 40 Wall St. in Manhattan, the Trump International Hotel and Tower Chicago, and the Trump National Golf Club in Los Angeles, California.

In a Statement last month, James said, “Nothing will stop us from following the facts and the law, wherever they may lead. For months, the Trump Organization has made baseless claims in an effort to shield evidence from a lawful investigation into its financial dealings. They have stalled, withheld documents, and instructed witnesses, including Eric Trump, to refuse to answer questions under oath.”










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