Trumps Need To Clear Out Misleading Statements, Omissions On Tax Submissions

They may not be in power in the United States right now but it appears things are about to get rocky once more for former United States President Donald Trump and his two children.

This is after the New York Attorney General Letitia James’ office claims that they found numerous "misleading statements and omissions" in tax submissions and financial statements used to obtain loans. Thus, they need to get the testimonies of the three to clear things out, CNN reported.

"OAG requires the testimony and evidence sought herein to determine which Trump Organization employees and affiliates — and which other entities and individuals — may have assisted the Trump Organization and Mr. Trump in making, or may have relevant knowledge about, the misstatements and omissions at issue," read a court filing from investigators on Tuesday, Jan. 18.

However, getting that done will not be easy. People close to the Trump Organization have exercised their Fifth Amendment rights against self-incrimination. Also, certain others have professed faulty memories or asserted that they were following instructions from more senior employees.

Aside from the former US president, Donald Trump, Jr. and Ivanka Trump need to testify because both acted on their behalves, and supervised others in connection with the transactions.

Regardless, it appears that it will take much for the Trumps to cooperate.

This was after a spokesperson for the Trump Organization said in a statement on Wednesday, Jan. 19, that the allegations of James are baseless and will be vigorously defended.

Ivanka Trump was a key liaison with lender Deutsche Bank, while Donald Trump Jr. was involved in several properties, including 40 Wall Street, and certified the accuracy of the financial statements from 2017 forward.

In court filings, there were reported claims made by current and former Trump employees that the former president personally authorized the production of his tax returns.

"In light of the pervasive and repeated nature of the misstatements and omissions, it appears that the valuations in the Statements were generally inflated as part of a pattern to suggest that Mr. Trump's net worth was higher than it otherwise would have appeared," investigators stated.