Questions about Donald Trump’s business practices are piling up. Whether the former president is forced to answer any of them under oath could be decided in a matter of days. New York’s attorney general will go to court Thursday seeking to enforce a subpoena for Trump’s testimony in a civil investigation she says uncovered evidence his company used “fraudulent or misleading” valuations of golf clubs, skyscrapers and other properties to get loans and tax benefits. The hearing, before state Judge Arthur Engoron in Manhattan, is the next step in a legal battle that has unfolded in court papers over the last few weeks, including the revelation Monday that Trump’s longtime accounting firm recently dumped him after warning that financial statements it prepared could not be trusted. Trump’s lawyers had argued those financial statements were truthful, and attempts to pick them apart over what they characterized as minor mistakes or omissions were politically motivated. Trump issued a lengthy statement Tuesday night alleging that the accounting firm, Mazars USA LLP, cut ties with him because it had faced “vicious intimidation tactics” from authorities investigating him. In a letter posted to the court docket as evidence, Mazars urged the Trump Organization on Feb. 9 to inform anyone who’d been given his Statement of Financial Condition, such as banks and insurers, that “those documents should not be relied upon.” The accounting firm said that while it hadn’t found “material discrepancies” in reviewing the documents, it said the “totality of the circumstances” made it imprudent to use them going forward. The Associated Press contacted several of Trump’s lenders to see what, if any, effect the Mazars letter would have on Trump’s existing financial arrangements, including the hundreds of millions of dollars worth of loans that investigators said were secured using the Statements of Financial Condition. They either didn’t respond or declined comment, citing policies barring them from speaking about clients. Trump, in his statement Tuesday, said his net worth is “approximately $8 to $9 billion” based on the value of his brand and “current enthusiasm and transactions which have or will take place,” far higher than recent estimates in financial publications. Forbes, whose editor testified before a grand jury investigating Trump, pegged his worth at $2.5 billion as of last September. Trump went onto praise his company’s “fantastic assets that are unique, extremely valuable and, in many cases, far more valuable than what was listed in our Financial Statements.” Attorney General Letitia James said in a statement previewing Thursday’s arguments that given the evidence, including Mazars’ findings, “there should be no doubt that this is a lawful investigation and that we have legitimate reason” to question Trump under oath. Trump’s lawyers pointed to Mazars declaration that it hadn’t found any substantial discrepancies in the documents as more evidence that the former president’s company did nothing wrong. The same legal fight also involves subpoenas that James issued to Trump’s two eldest children, Ivanka and Donald Trump Jr., both trusted allies of their father who’ve been executives in their family’s Trump Organization. In challenging the subpoenas, lawyers for the Trumps argue that any testimony they give in James’ civil probe could be then used against them in a parallel and sometimes overlapping criminal investigation — although they could invoke their Fifth Amendment right to remain silent, as […]

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