Our investigation began after Michael Cohen testified before Congress that Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans & insurance coverage, while also deflating the value of other assets to reduce real estate taxes.

Our investigation began after Michael Cohen testified before Congress that Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans & insurance coverage, while also deflating the value of other assets to reduce real estate taxes.

— NY AG James (@NewYorkStateAG) August 24, 2020