Authorities conducting fraud investigations against Donald Trump and his businesses are reportedly looking into consulting fees that may have been paid to her daughter Ivanka Trump, leading her to accuse them of “harassment.”
The New York Times said there were twin investigations in New York, one criminal and one civil.
The criminal investigation, led by Manhattan District Attorney Cyrus Vance Jr, and a civil investigation by State Attorney General Letitia James, are just a few of the many legal challenges the president and his family business will likely face when he returns. to be a private citizen.
The report drew a strong response from Trump’s eldest daughter, who is a high-level presidential adviser.
“This is harassment outright,” Ivanka Trump said on Twitter, linking to the report in the New York Times. “This ‘investigation’ of the New York Democrats is 100% motivated by politics, publicity and anger. They know very well that there is nothing here and that there was no tax benefit. These politicians are just ruthless. “
The Times, which the two investigations said have cited the Trump Organization in recent weeks, following the release of Trump’s long-sought tax records and revelations that he personally guaranteed a debt of hundreds of millions that could soon be requested or due.
Trump’s financial and legal tensions appear to be mounting. Earlier this month Reuters reported that Trump’s main lender, Deutsche Bank, is looking for ways to end its relationship with the president.
Deutsche Bank has about $ 340 million in outstanding loans from the Trump Organization, the president’s umbrella group that is currently overseen by his two sons. The loans, which are against Trump’s properties and begin to mature in two years, are current on payments and personally guaranteed by the president, according to Reuters.
Among the latest revelations is that it reduced its tax exposure by deducting about $ 26 million in unidentified consultant fees as business expense on various projects over the past decade.
Some of those fees, the Times said, appear to have been paid to Ivanka Trump, including a $ 747,622 payment from a consulting firm that exactly matched the consulting fees claimed as tax deductions by the Trump Organization.
Trump Organization attorney Alan Garten described the development as “just the latest fishing expedition in an ongoing attempt to harass the company.”
Details of the twins’ investigations have been scant. The Manhattan District Attorney’s investigation originally focused on the Trump Organization’s payments to porn star Stormy Daniels prior to Trump’s 2016 election victory, but has since been expanded to include bank and insurance fraud, tax evasion. taxes and grand theft.
The civil investigation began earlier this year after former Trump attorney Michael Cohen told Congress that the president had increased the value of his assets to guarantee bank loans and had reduced them for tax purposes.
On a tv interview this month James, the New York attorney general, said the outcome of this month’s election was irrelevant to the investigations. She said, “We will just follow the facts and the evidence, wherever they take us.”
But Trump has dismissed the investigations as “the greatest witch hunt in history.”
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