Donald Trump, Ivanka Trump and Donald Trump Jr to testify at probe into alleged family business fraud

The three-year investigation has found evidence that the Trump Organisation overstated asset values to get benefits such as loans while also changing values to get tax breaks.

A man speaking.

Former United States president Donald Trump. Credit: Kenneth Ferriera/AP

Former United States president Donald Trump and his eldest children are scheduled to testify in New York's civil probe into alleged fraud at their family business from 15 July, a court document showed on Wednesday.

New York state attorney general Letitia James and her team of investigators will have to conclude their questioning "by the following week," the filing said.

Mr Trump, Donald Jr and Ivanka Trump have until 13 June to appeal to New York state's highest court for a stay, according to the document filed by a lower court.
The trio have been fighting in court to avoid having to give evidence under oath in Ms James's tax evasion probe, which they argue is politically motivated.

New York state judge Arthur Engoron ruled in February that the trio must testify, rejecting a plea by the Trumps to quash subpoenas issued by Ms James.

She suspects the Trump Organisation fraudulently overstated the value of real estate properties when applying for bank loans, while understating them with the tax authorities in order to pay less in taxes.

The Trumps have denied any wrongdoing.
Three people speaking.
Donald Trump (left) his son Donald Trump Jr (centre), and his daughter Ivanka Trump. Source: AP / Manuel Balce Ceneta/AP
Last month, the former president paid a $110,000 ($A153,000) fine for refusing to provide accounting and tax documents as part of the civil probe.

If Ms James, a Democrat, finds any evidence of financial misconduct, she can sue the Trump Organisation for damages but cannot file criminal charges.

Her probe is one of several legal battles in which Trump is embroiled, threatening to complicate any bid for another run for the White House in 2024.
Attorney General Letitia James and Mayor Eric Adams joint announcement
Attorney General Letitia James speaks during a joint announcement with mayor Eric Adams. Credit: Lev Radin/Sipa USA
The Trump Organisation is also under investigation by the Manhattan District Attorney for possible financial crimes and insurance fraud.

Last July, the Trump Organisation and its long-serving finance chief, Allen Weisselberg, pleaded not guilty in a New York court to 15 felony fraud and tax evasion charges.

Mr Weisselberg's trial is due to begin this year.

Mr Trump, 75, has so far kept Americans guessing about whether he intends to seek the Republican nomination again.

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Source: SBS, AFP



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