The state has been investigating whether the company falsely reported property values to secure loans and obtain economic and tax benefits.
The New York Attorney General’s Office has said it had launched a criminal investigation into the company of former U.S. President Donald Trump that went beyond what was initially a civil investigation.
Attorney General Letitia James has been investigating whether the Trump organization falsely reported property values to secure loans and obtain economic and tax benefits.
“We have informed the Trump organization that our investigation into the organization is no longer of a purely civilian nature,” Fabien Levy, a spokesman for the attorney general’s office, said in a statement Tuesday.
“We are now actively investigating the Trump Organization on a criminal basis, along with the DA of Manhattan,” he said.
The Trump organization could not be contacted immediately for comment. Trump has said the investigation, overseen by a Democrat James, has a political motivation.
James has been investigating whether the Trump Organization inflated the values of some properties to get better loans and reduced them to get tax breaks.
Separately, Manhattan District Attorney Cyrus Vance has been investigating Trump’s business during the presidency for more than two years.
Vance’s office has said in court that it was investigating “possibly extensive and prolonged criminal conduct” in the former president’s Trump organization, including tax and insurance fraud and forgery of business records.
Vance’s investigation began after Trump’s former director and repairer Michael Cohen paid money to silence two women ahead of the 2016 election over sexual encounters with Trump.
This investigation has accelerated since Republican Trump lost his candidacy for a second term to Democratic President Joe Biden.