well, apparently the judge who decided that donny should cough up what the NYS AG wants thought there was.
<ahem>
January 19, 202212:28 PM ESTLast Updated 3 months ago
NY attorney general details possible fraud at Donald Trump's family business
By
Jonathan Stempel
and
Shivam Patel
In filings late Tuesday with a New York state court in Manhattan, James described what she called misleading statements about the values of six Trump properties, as well as the "Trump Brand."
The properties are golf clubs in Aberdeen, Scotland, and suburban Westchester County near New York City, the Seven Springs Estate in Westchester, buildings on Wall Street and Park Avenue in Manhattan, and Trump's penthouse in Trump Tower.
James has been investigating whether real estate values were inflated to obtain bank loans and reduced to lower tax bills, and her filing described evidence of misstatements to lenders, insurers and the Internal Revenue Service.
The attorney general wants a judge to order the Trumps to testify within 21 days.
"We have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit," James said in a statement.
Many of James' accusations center on Donald Trump's annual "statements of financial condition," which give lenders and other counterparties the values and liabilities associated with various assets.
James said she found evidence that Trump was "personally involved" in approving the statements, and used them "in numerous commercial transactions for his own financial benefit."
She said one statement in June 2015 valued Trump's building at 40 Wall Street at $735.4 million, tacking on nearly $200 million to its appraised value, a mere eight months after one lender valued the same building at $257 million.
James said Trump inflated the values of the Scotland golf club and Seven Springs in part based on assumptions that residential housing could be built there.
She also said Trump in his 2015 and 2016 statements overstated the value of his penthouse apartment, putting it at $327 million by claiming it contained 30,000 square feet and not the 10,996 square feet described in various documents he signed.
NY attorney general details possible fraud at Donald Trump's family business
you're welcome.