A New York Judge has ordered Commercial Real Estate firm Cushman & Wakefield, to comply with Subpoenas served it by New York Attorney General Letitia James (D) concerning her Investigation into the Trump Organization's Finances.
The Order from Judge Arthur Engoron of the New York County State Supreme Court was issued on Monday, hours after he held Trump in Contempt for Not complying with a Subpoena, James had served Trump as part of the Investigation.
"For the second time today, a judge has made clear that no one is above the law," James said in a statement. "Cushman & Wakefield's work for Donald J. Trump and the Trump Organization is clearly relevant to our investigation, and we are pleased that has now been confirmed by the court."
James has been investigating Trump and his Organization for more than Two years on allegations that Trump Inflated the Value of his Properties to obtained Favorable Loans but Deflated them to Lower his Taxes. He is also being looked at in Scotland for the same Issue.
In January, James revealed several Properties under Scrutiny, including: Seven Springs in Westchester, 40 Wall Street in Manhattan, and Trump National Golf Course in Los Angeles, and had issued Subpoenas to Cushman & Wakefield for Information related to its Appraisals of those Three Proprieties. Chicago is trying to get a Tax Refund from Trump's Hotel, for also cooking the Books.
Earlier this month, James asked the Court to force the Real Estate firm to Comply as it had Refused to hand over the Information asked of it.
"There should be no doubt that information about Cushman's appraisal work for the Trump Organization is relevant to our efforts that Cushman -- like any other party -- cannot defy a lawful subpoena because no one is above the law," James said in a statement April 8th.
James' Office has said that Cushman & Wakefield had issued "multiple appraisals" for 40 Wall Street, including Three between 2010 and 2012 valuing the Property at $220 million, but in 2015 an Appraisal by the same team and used to Secure a Loan, found it to be worth $550 million.
For Seven Springs and Trump National Golf Club, James' Office said it has Evidence indicating the Trump Organization filed Fraudulent or Misleading Valuations to the Internal Revenue Service (IRS) that were used to obtain Tax Deductions.
"While we acknowledge today's ruling, any suggestion that Cushman & Wakefield has not responded in good faith to the attorney general's investigation continues to be fundamentally untrue," the Company said, adding, it has "devoted significant time, resource and expense" to Cooperate with James' Probe including handing over thousands of pieces of Information. But the Judge must thinks there is more Not produced.
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