New York

President Trump as Westchester prosecutors celebrate the end of the tax probe | Donald Trump

Eliminates legal hassles donald trump.

Suburbs new york Prosecutors announced Thursday that they have concluded a multi-year investigation focused in part on whether the twice-indicted former president or his company induced authorities to cut taxes on real estate owned.

Westchester County District Attorney Mimi Roca said in a statement that the decision was the result of an investigation “independent and objective of politics, political affiliation, personal or political beliefs.”

No charges have been filed against President Trump, his company, or the Trump Organization.

Roca, a Democrat, will launch an investigation into Trump in 2021, asking him or the Trump Organization to sue officials to reduce taxes at the Trump National Golf Club on Briarcliff Manor, about 30 miles north. I tried to find out if I provided a misleading valuation. of Midtown Manhattan.

As part of the investigation, Roca’s office subpoenaed records from the golf course and the city of Ossining, which administers the course’s taxes.

In an all-caps post on his platform, Truth Social, Trump said closing the investigation was “honorable in that he’s done nothing wrong, but when and where can he get his honor back?” wrote. When will the other false lawsuits against me be dropped?”

A message was left with the Trump Organization requesting comment.

Trump, the early frontrunner for the 2024 Republican presidential nomination, has accused the investigation into himself and his business practices of a partisan “witch hunt.” The company has said past Roca investigations were politically motivated and misguided.

Roca’s announcement comes days after Trump was indicted Tuesday in federal court in Miami on charges of mishandling classified documents and obstructing an investigation. Trump has also been indicted in Manhattan in connection with a plot to bury an affair allegation that arose during the first White House election.

Roca spoke of her decision to close the case in an interview with CBS News earlier Thursday, confirming a report Wednesday by a news agency insider.

“It’s really important, more important than ever, that people understand that we have independent prosecutors and a judicial system that runs independently of politics,” Roca told CBS. ‘ said.

“I stand here and can proudly say that I am one of those prosecutors.

Like many property owners, the Trump Organization fights vigorously to keep taxes low, and has been battling Ossining for years to lower the tax valuation of Briarcliff Manor Course.

The company once estimated the golf club’s tax valuation at about $1.4 million, but later raised that estimate to $6.5 million, although over the years the town has valued the golf club at more than $15 million. I was doing it.

In 2021, a New York judge ruled on a compromise that would lower the 2021 valuation to $9.5 million. The compromise would also cut the valuation, which dates back several years, by about 30%, and return about $875,000 to the company for unpaid tax overcharges. .

At the same time, Trump and his company have been accused of inflating property values ​​to impress lenders and clients. New York Attorney General Letitia James filed a lawsuit last year against Trump and the Trump Organization, accusing them of providing false information to banks and others about Trump’s net worth and the value of his properties, including hotels and golf courses.

Among the allegations in the lawsuit, which is scheduled to go to trial in October, include the company quantifying the value of Briarcliff Manor Golf Club by counting membership fees that were not sold or paid. Some say they overstated it by a million dollars. President Trump as Westchester prosecutors celebrate the end of the tax probe | Donald Trump

Back to top button