The first New York State AG approach was to claim Donald Trump and the Trump organization undervalued their company assets, specifically real-estate assets, in order to avoid income and property tax liabilities.  That didn’t work.  Apparently, they discovered the complex valuation system of finance in real-estate that ebbs and flows as property evaluations rise and fall under market conditions.

Next up, the same New York AG moved to target Donald Trump and the Trump organization for overvaluing their company assets, specifically real-estate assets, in order to gain favorable financial and banking terms.  Thus, the claims today from New York’s political activist Attorney General Letitia James, which will, like all efforts before, eventually fail.