Politics

Eric Trump to speak with New York state investigators probing his family’s business practices

PHOTO CREDITS: THE DAILY BEAST

Eric Trump is scheduled to speak via video on Monday with New York state investigators probing his family’s business practices, according to court papers filed Friday. 

A New York judge on Wednesday ordered Eric Trump, the president’s son most involved with running the family business, to be deposed by October 7 as part of an investigation over charges that the organization improperly inflated the value of real estate assets. The New York investigation is civil, not criminal, in nature and investigators have yet to determine whether any laws were broken. Eric Trump has given no indication he will seek to delay the interview in light of his father’s and stepmother’s coronavirus diagnosis, which was announced early Friday, or for any other reasons. A White House doctor said Friday that the other members of the first family had tested negative for the virus.

Eric Trump’s lawyers had sought to delay his interview with investigators until after the Nov. 3 presidential election, arguing that his “extreme travel schedule” on the campaign trail warranted a delay. President Trump’s reelection campaign has canceled upcoming events that were to have featured Trump family members. The president was being taken to Walter Reed National Military Medical Center on Friday for treatment and was expected to remain there for several days (CNBC).

Even though Eric Trump has said he was ready to “cooperate” with the inquiry, his lawyers recently asked for the session to be pushed back until after the November 3 election, arguing that he was too busy, as he is heavily involved in his father’s re-election campaign. The attorney general had challenged that request in a court in the state, asking that Eric Trump be forced to provide documentation on several of the company’s properties, including a building on Wall Street and the Trump International Hotel in Chicago.

After a court hearing on Wednesday, Judge Arthur Engoron ruled in favor of the attorney general, calling the younger Trump’s arguments “unconvincing” and noting that “nor is this Court bound by the timelines of the national election.” The attorney general opened the probe in 2019 after the president’s former lawyer Michael Cohen, who has since been jailed, testified to Congress that Trump had inflated or under-reported the values of certain properties to secure loans or reduce his taxes (MSN).

ARTICLE: CARSON CHOATE, DOMESTIC AFFAIRS EDITOR

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