NY AG filing details "fraudulent or misleading" asset valuations

New York Attorney General Letitia James filed court papers outlining preliminary findings that the Trump Organization used "fraudulent or misleading" valuations to obtain loans and tax benefits. The filing detailed specific examples, such as tripling the size of Trump's penthouse apartment, and sought to compel testimony from Trump and his children.

"The Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits." — NY AG Court Filing (paraphrased finding)