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New York attorney general files legal action against Trump Organization, revealing state investigation into the company’s financial dealings

August 24, 2020 at 7:47 p.m. EDT
Eric Trump, son of President Donald Trump, gives away a hat before he speaks at the Milwaukee Police Association Aug. 18. (Rick Wood/AP)

The New York attorney general is investigating whether President Trump’s company misled lenders and taxing authorities by improperly inflating the value of his assets, according to a court filing on Monday.

The filing from Attorney General Letitia James (D) said that the Trump Organization has declined to hand over some documents that had been subpoenaed, and that the president’s son Eric has refused to be interviewed. James’s inquiry began 18 months ago, but James had not disclosed its focus or scope before Monday.