Topic: Asset Valuation

New York Attorney General Letitia James announced that the investigation into the Trump Organization has shifted from a civil matter to a criminal capacity. The probe, conducted alongside the Manhattan DA, focuses on whether the company provided incorrect valuations of assets to secure loans and tax benefits.

New York state regulators have subpoenaed insurance broker Aon as part of an investigation into the Trump Organization's asset valuations. The probe follows Michael Cohen's testimony that the company inflated asset values for insurance purposes. The segment argues that "inflating" values for insurance is a standard business practice to ensure full coverage and is being unfairly framed as a scandal by political opponents.