Manhattan DA expanded criminal investigation into Trump organization’s finances to include family premises in Westchester County

Prosecutors’ interest in the 212-acre property called Seven Springs is a significant widening of the investigation that began more than a year ago. It also comes close to President Donald Trump’s son Eric Trump, executive vice president of the Trump Organization, who was directly involved in discussions about the property, according to the court investigation.

Prosecutors sent grand jury subpoenas within the last two months to obtain documents and communications to city officials that officials believed were related to the development plans the Trump Organization had for the sprawling family estate.

A lawyer from North Castle, New York – Roland Baroni – one of three municipalities who steal property – confirmed that the city received a subpoena for “planning board files, any correspondence, any email.” Exchange between the city and the Trump Organization. He told CNN that the city complied with the request and the prosecution did not demand any officers to be interviewed.

According to people familiar with the investigation, the Trump Organization has also been presented for information related to property and tax cuts after donating a conservation simplification to a public trust.

The criminal investigation poses a significant threat to Trump, his business and his family as he leaves the White House next week and will no longer shield the presidency to delay lawsuits and postpone investigations.

According to documents obtained by CNN through a public records request, the president personally signed the conservation facility in his Sharp Sharp marker.

The Seven Springs property is also part of a civil investigation conducted by the New York Attorney General’s Office, stating that it is looking into whether the Trump Organization has “improperly inflated” the value of the Seven Springs estate .

The Trump Organization acquired the property in 1995 for $ 7.5 million. It was once owned by the father of former Washington Post publisher Kathryn Graham.

Over the course of years, the organization made several efforts to develop on the property. Initially there was discussion to build a golf course on the grounds and then a plan to construct a subdivision of residential houses.

Those efforts were abandoned, and by 2015, the Trump Organization decided to donate a conservation facility to a land trust. A conservation facility is a designated portion of property that has not been protected and developed. By donating, it allows the donor to take a tax deduction based on the appraised value of the property. If it was improperly inflated, the donor may take a larger tax deduction than allowed.

According to court filings, Trump granted approximately 158 acres of protection to the North American Land Trust. It was rated at $ 21.1 million according to the filings.

Investigators are investigating the assessment of whether it was inflated.

According to court filings, “The year 2015 claimed a $ 21.1 million tax reduction in the value of Seven Springs for donating protection facilitation on property, and for presentations to financial institutions.” New York Attorney General’s investigation.

Barony, a lawyer for North Castle, said the subpoena of the Manhattan District Attorney has asked for the same records as the New York Attorney General had previously asked for.

The district attorneys’ office, led by Cyrus Vance, has investigated whether the Trump Organization violated any state laws, which could include tax fraud, insurance fraud, or fraudulent other schemes.

Prosecutors touted Deutsche Bank, which has loaned Trump more than $ 300 million, and interviewed AON, an insurance broker, and some employees at those firms. He also interviewed former personal attorney for the president, Michael Cohen, who told lawmakers that Trump increased or disregarded the value of his property to seek loans from lenders, insurance, or to receive favorable tax treatment.

In the fall, prosecutors made the Trump Organization aware that it paid for records related to fees paid to advisers, including payments made to a company controlled by President’s daughter Ivanka Trump, according to people familiar with the case .

Mazar USA, the President’s long-time accountant, was also subordinated to the President’s personal and professional records for eight years. Trump sued to block it and Uppano was tied up in court and returned before the Supreme Court.

Litigation has delayed prosecutors from taking major investigative steps, many sources say, including contacting Trump’s personal banker or seeking an interview with any employee of the Trump Organization.

Vance’s office general manager Kerry Dunne told a judge in July that subpoena delays “have led to continued concerns about the potential loss of important evidence and the expiration of the statute of limitations.”


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