Trump Tower, Golf Courses ‘At Stake’ in N.Y. as Trump Pleads Fifth: Expert

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Egypt
  • Date: 11-Aug-2022
  • Source: Newsweek
  • Sector: Education
  • Country: Egypt
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Trump Tower, Golf Courses ‘At Stake’ in N.Y. as Trump Pleads Fifth: Expert

A former assistant attorney general for New York state warned that former President Donald Trump's most prized assets, including Trump Tower in Manhattan and his golf courses, are "at stake" in the civil probe by Attorney General Letitia James.

Trump sat for an hour-long deposition on Wednesday, reportedly invoking his Fifth Amendment right not to answer questions more than 400 times. The investigation involves the valuation of Trump's assets, and whether the former president's business, the Trump Organization, misrepresented the stated valuations of some of its real estate assets for financial gain, including better terms on loans and insurance, as well as tax benefits.

Tristan Snell, the managing partner of mainstreet.law and a former assistant attorney general for New York state, said that the probe is a "big deal" and assessed that Trump pleading the Fifth made James' case "even stronger." Notably, Snell helped lead the successful civil prosecution of the now-defunct Trump University, which ultimately resulted in a $25 million settlement.