New York Attorney General Letitia James shared new information in her new court filing last week about the ongoing civil investigation against former President Donald Trump, stating they had discovered “significant evidence” of his company’s using fraudulent valuations multiple times. James also stated in the court filings that evidence shows the company engaged “fraudulent or misleading” business actions numerous times.

Former President Trump has been attempting to stop the AG’s investigation, saying James is conducting a “witch hunt” and then filing a formal protest.

The new NY AG filing is the answer to former President Trump’s efforts to stop James from questioning both him and two of his adult children. This is the first time the AG’s investigation has leveled specific allegations of fraud based upon evidence against Trump, his company, Ivanka Trump and Donald Trump, Jr.

This ongoing civil investigation is delving into the Trump Organization reporting the value of specific properties to banks and tax authorities, and whether or not the valuations were fraudulent.

Specifically, James said Trump “had ultimate authority over a wide swath of conduct by the Trump Organization" that included his knowledge and involvement in fraudulent misstatements to numerous financial institutions, the IRS and others.

However, in her court filing, James noted that two of Trump’s children, Ivanka and Donald Trump, Jr, were more directly involved in the business’ fraudulent valuations.

“Since 2017, Donald Trump, Jr. has had authority over numerous financial statements containing misleading asset valuations,” James wrote in legal documents. Ivanka Trump, she wrote, "was a primary contact for the Trump Organization’s largest lender, Deutsche Bank. In connection with this work, Ms. Trump caused misleading financial statements to be submitted to Deutsche Bank and the federal government.”

The filing states there were issues with valuations within statements of the Trump Organization that have not been explained by the company.

James released a statement Tuesday saying, “Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit. The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”

For example, The Trump Organization’s financial statements reveal the value of Donald Trump’s prior apartment in Trump Tower in New York City as being 30,000 square feet, when in reality it is only 10,996 feet. Sharing the much greater, incorrect 30,000 square feet of the former president’s apartment with financial institutions would falsely and greatly increase the valuation of the property.

Allen Weisselberg, the former Trump Organization Chief Financial Officer, was recently deposed by the office of the attorney general. In the court filing, James states that in his deposition, Weisselberg admitted to an overstatement of around $200 million.

James said they unearthed multiple false valuations of The Trump Organization broadly falsifying the valuations of its assets. Court filings list numerous instances of dramatic errors of valuations.

Trump estimated the valuation of his Scotland Aberdeenshire Golf Club at $435 million. James noted that this valuation was greatly inflated, due to the errors made by The Trump Organization’s belief they could build 2,500 high-end luxury homes on the property. Instead, they were approved to build less than 1500 “holiday apartments.”

A 2015 Trump statement of financial condition, used to refinance a loan for a property at 40 Wall St in New York City, estimated that the property was worth $735 million. However, another lender came up with a very different valuation: $257 million.

Another piece of evidence James included in the court filing was the overrated valuation of properties in both Los Angelos, California, and Westchester County, New York. The court papers note that the valuations, and also the inclusion of valuations of seven non-existent mansions in Westchester County, were overstated to the Internal Revenue Service, which resulted in the company saving millions of dollars in tax deductions.

James argues in court filings that it is vital to the investigation to question former President Trump plus Donald Trump Jr. and Ivanka Trump.

Despite the AG stating the investigation had found “significant evidence” of fraud, James said the office "has not yet reached a final decision regarding whether this evidence merits legal action.”

The Trump Organization stated, "the allegations are baseless and will be vigorously defended.”