Friday, January 10, 2020

Another Trump Org lawsuit on the horizon

The de Blasio administration has referred findings from a review of the Trump Organization's property tax filings to the Manhattan district attorney's office.

[...]

In October, WNYC reported that President Donald Trump's business portfolio would cite lower income from its properties when reporting to the Department of Finance, which is in charge of levying property taxes, but would report higher values when speaking with investors.

[...]

WNYC cited experts in its report that said the discrepancies in the Trump Organization's reported income may rise to the level of fraud.

[...]

"It was looked at, and one of the specific issues [...] was referred to the district attorney because there is the possibility of a criminal act having been committed," [New York Mayor Bill] de Blasio said.

  Politico

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