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NEW YORK: Make it less of a legal hassle for Donald Trump
suburb New York Attorney General On Thursday, it said it closed a multiyear investigation that focused in part on whether the twice-indicted former president or his firm misled authorities to reduce taxes on property they owned.
Westchester County District Attorney Mimi Rocca said in a statement that she reached the decision after an investigation conducted “objectively and independent of politics, party affiliation, and personal or political beliefs.”
No charges have been filed against Trump or his company, The Trump Organization.
Rocca, a Democrat, began investigating Trump in 2021, trying to determine whether he or the Trump Organization provided officials with misleading assessments in an effort to reduce the tax bill on Trump National Golf Club at Briarcliff Manor, about 29 miles (46 kilometers) away. ). North Midtown Manhattan.
As part of the investigation, Rocah’s office has subpoenaed records from the golf course and the town of Ossining, which handles course taxes.
In post all capitals on his site social truth Tribune, Trump wrote that ending the investigation is “the honorable thing to do because I’ve done nothing wrong, but where and when will I get my reputation back? When will the other fake cases against me be dropped?”
The Trump Organization left a message seeking comment.
Trump, the front-runner for the 2024 Republican presidential nomination, has denounced the investigations into him and his business practices as a partisan “witch hunt”. The company has called Roca’s investigation in the past politically motivated and misleading.
Rocca’s announcement came days after Trump appeared in federal court in Miami on Tuesday on charges of mishandling classified documents and obstructing investigators. Trump is also charged in Manhattan in connection with a scheme to bury allegations of extramarital affairs that arose during his first run for the White House.
Rocca discussed her decision to close the case in an interview earlier Thursday with CBS News, confirming what was reported Wednesday by the news outlet Insider.
“It’s really important, more important than ever in our country, to make sure people understand that we have independent prosecutors, that we have a justice system that operates independently of politics,” Roca told CBS.
“I can stand here and proudly say that I am one of those prosecutors, and I look at every subject under investigation, every organization under investigation, the same way,” Rocca said.
Like many landlords, the Trump Organization has fought hard to keep its taxes low, and Ossining has been fighting for years for tax cuts on Briarcliff Manor Trail.
The company once valued the golf club for tax purposes at about $1.4 million, later increasing its estimate to $6.5 million, while the city for years valued it at more than $15 million.
In 2021, a New York judge ruled on a compromise that would lower the valuation to $9.5 million for 2021. The compromise also lowered valuations going back several years by about 30%, resulting in a refund to the company of about $875,000 for fees overcharged. its back taxes.
At the same time, Trump and his company are accused of inflating the value of assets to impress lenders and business partners. New York Attorney General Letitia James sued Trump and the Trump Organization last year, alleging they provided banks and others with false information about his net worth and the value of assets like hotels and golf courses.
Among the allegations in the case, which is due to go to trial in October, is that the company inflated the value of Briarcliff Manor Golf Club by millions of dollars by accounting for membership fees that were never sold or paid.
suburb New York Attorney General On Thursday, it said it closed a multiyear investigation that focused in part on whether the twice-indicted former president or his firm misled authorities to reduce taxes on property they owned.
Westchester County District Attorney Mimi Rocca said in a statement that she reached the decision after an investigation conducted “objectively and independent of politics, party affiliation, and personal or political beliefs.”
No charges have been filed against Trump or his company, The Trump Organization.
Rocca, a Democrat, began investigating Trump in 2021, trying to determine whether he or the Trump Organization provided officials with misleading assessments in an effort to reduce the tax bill on Trump National Golf Club at Briarcliff Manor, about 29 miles (46 kilometers) away. ). North Midtown Manhattan.
As part of the investigation, Rocah’s office has subpoenaed records from the golf course and the town of Ossining, which handles course taxes.
In post all capitals on his site social truth Tribune, Trump wrote that ending the investigation is “the honorable thing to do because I’ve done nothing wrong, but where and when will I get my reputation back? When will the other fake cases against me be dropped?”
The Trump Organization left a message seeking comment.
Trump, the front-runner for the 2024 Republican presidential nomination, has denounced the investigations into him and his business practices as a partisan “witch hunt”. The company has called Roca’s investigation in the past politically motivated and misleading.
Rocca’s announcement came days after Trump appeared in federal court in Miami on Tuesday on charges of mishandling classified documents and obstructing investigators. Trump is also charged in Manhattan in connection with a scheme to bury allegations of extramarital affairs that arose during his first run for the White House.
Rocca discussed her decision to close the case in an interview earlier Thursday with CBS News, confirming what was reported Wednesday by the news outlet Insider.
“It’s really important, more important than ever in our country, to make sure people understand that we have independent prosecutors, that we have a justice system that operates independently of politics,” Roca told CBS.
“I can stand here and proudly say that I am one of those prosecutors, and I look at every subject under investigation, every organization under investigation, the same way,” Rocca said.
Like many landlords, the Trump Organization has fought hard to keep its taxes low, and Ossining has been fighting for years for tax cuts on Briarcliff Manor Trail.
The company once valued the golf club for tax purposes at about $1.4 million, later increasing its estimate to $6.5 million, while the city for years valued it at more than $15 million.
In 2021, a New York judge ruled on a compromise that would lower the valuation to $9.5 million for 2021. The compromise also lowered valuations going back several years by about 30%, resulting in a refund to the company of about $875,000 for fees overcharged. its back taxes.
At the same time, Trump and his company are accused of inflating the value of assets to impress lenders and business partners. New York Attorney General Letitia James sued Trump and the Trump Organization last year, alleging they provided banks and others with false information about his net worth and the value of assets like hotels and golf courses.
Among the allegations in the case, which is due to go to trial in October, is that the company inflated the value of Briarcliff Manor Golf Club by millions of dollars by accounting for membership fees that were never sold or paid.
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