New York's attorney general says Trump's company misled banks, tax officials

On May 21, 2021, New York Attorney General Letitia James acknowledges questions from journalists at a news conference in New York. Late Tuesday, her office said its civil investigation has uncovered evidence that former President Donald Trump's company used "fraudulent or misleading" asset valuations to get loans and tax benefits.

NEW YORK — The New York attorney general’s office late Tuesday told a court that its investigators had uncovered evidence that President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.

The court filing said state authorities haven’t yet decided whether to bring a civil lawsuit in connection with the allegations, but that investigators need to question Trump and his two eldest children as part of the probe.

Trump and his lawyers say the investigation is politically motivated.