Ahead of his appearance, Trump slammed the attorney general online and the attacks kept coming in his public statement Wednesday.
James has been a fierce, unabashed critic of the former president and when she ran for the attorney general role she labeled Trump “incompetent,” “ill-equipped” and said she believed “he is an embarrassment” to America and what it stands for.
In 2018, she said: “America is in uncharted territory. We are angrier and more deeply divided than we’ve ever been at any point in our history since the Civil War. And at the eye of the storm is Donald Trump, ripping families apart, threatening women’s most basic rights. I’m running for attorney general because I will never be afraid to challenge this illegitimate president when our fundamental rights are at stake.”
James’s probe is reaching its end after more than two years of scrutiny of Trump and Trump Organization. The former president’s daughter, Ivanka Trump, and son, Donald Trump, Jr. have testified in the civil matter. So too has Eric Trump, the executive vice president of the eponymous family business. According to James, when Eric Trump was deposed in October 2020 he invoked his Fifth Amendment right over 500 times and would only answer the most basic background questions. He sat for six hours.
Trump Organization’s chief financial officer, Allen Weisselberg, invoked the Fifth too when he was deposed in September 2020. Last July, prosecutors charged Trump Organization and Weisselberg with grand larceny and tax fraud. Both he and the company have entered not guilty pleas and pretrial proceedings are expected to get underway on Friday.
The battle for Trump’s deposition has been a lengthy one.
Trump was held in contempt by New York Supreme Court Judge Arthur Engoron in April for his failure to comply with the state attorney general’s subpoena. That order was lifted this June when Engoron said Trump’s legal team had finally produced documents at the last minute. For his contempt, however, Trump still had to shell out $110,000 in penalties. The funds are now sitting in escrow and will be released pending the case’s outcome.
The former president maintains he is innocent and that the valuations on his properties were above board. James claims that Trump and the Trump Organization regularly inflated values to reap in tax and loan benefits. Often, she has claimed, Trump Organization would tweak the values by several millions of dollars.
For instance, James claimed Trump’s valuation of the Trump International Golf Club in Scotland was wildly off. Where Trump Organization originally valued the resort at $12.6 million when it was first purchased in 2006, in the span of five years, the valuation became $161 million. According to court records, James said this valuation was not ginned up by professional appraisers. Rather it was George Sorial, a former Trump Organization executive, who set the price.
Trump has had an eventful week thus far: After securing a warrant, the FBI searched his Mar-a-Lago property in Florida, reportedly seeking classified presidential records that he allegedly failed to return under terms of the Presidential Records Act. The House Ways and Means Committee also successfully gained access to Trump’s tax returns after a years-long fight though he can still appeal. And the Jan. 6 Committee has continued its work quietly as the Department of Justice also quietly continues its probe into Jan. 6.
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