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Trump Must Testify About ‘Misleading’ Asset Valuations, New York’s James Says

  • State AG asked appeals court to uphold order on deposition
  • Former president argues N.Y. probe is politically motivated
New York Attorney General Letitia James

New York Attorney General Letitia James

Photographer: Peter Foley/Bloomberg
Updated on

Former President Donald Trump’s attempt to dodge a sworn deposition in New York’s probe of potentially “misleading” asset valuations at his sprawling real-estate company should be rejected, the state’s top law enforcement officer told an appeals court.

An order requiring Trump’s testimony should be upheld because the state has already uncovered evidence that the Trump Organization used faulty valuations on financial statements to get loans, insurance coverage and tax deductions “on terms more favorable than the true facts warranted,” New York Attorney General Letitia James said in a Monday night court filing.