Bloomberg: “New York’s attorney general continues to gather information about President Donald Trump’s business, obtaining financial records this month from the family of the Trump Organization’s CFO that could provide further insights into the company’s operations and tax strategies. The office of Attorney General Letitia James is reviewing tax records associated with a son and ex-daughter-in-law of Chief Financial Officer Allen Weisselberg, according to a person familiar with the matter. James’s office is conducting a civil investigation into whether the Trump Organization falsely reported property values to secure loans or tax benefits, she has said.”
“Bloomberg News reported on Nov. 2 that members of the Weisselberg family, including Trump Organization manager Barry Weisselberg and his now ex-wife, Jennifer, had received perks including years of free rent in a company-owned building adjacent to Central Park and use of the company’s accountant for personal tax filings. The Bloomberg report was based, in part, on documents provided by Jennifer Weisselberg. Mary Mulligan, a lawyer for Allen Weisselberg, said that her client had done nothing wrong. The attorney general’s office and Alan Garten, general counsel of the Trump Organization, declined to comment. Barry Weisselberg didn’t respond to requests for comment. Many of the benefits could create tax liabilities for the Weisselbergs, the Trump Organization or both, according to legal experts.”