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Trump Faces N.Y. Probe Into Valuation of Assets to Get Loans

  • Attorney general takes legal action to enforce subpoenas
  • There’s ‘no determination’ of anything improper: Trump lawyer
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Photographer: Al Drago/Bloomberg
Updated on

New York is investigating whether President Donald Trump’s company falsely reported the value of his assets to secure loans and get tax benefits as claimed last year by Trump’s former personal lawyer and fixer, Michael Cohen, who has fallen out with his ex-boss.

New York Attorney General Letitia James said Monday that she took legal action to enforce seven subpoenas seeking thousands of documents and testimony from multiple witnesses. They include Eric Trump, one of the president’s sons and executive vice president of the Trump Organization, who refused to show up for a subpoena interview last month, she said.