The Manhattan building is located at 40 Wall Street and the Trump Organization listed its worth at $527 million in 2012. Later in the year, the company informed property tax officials that the entire building was worth just $16.7 million, one-thirtieth, the report said.
New York Attorney General Letitia James is considering filing a lawsuit while prosecutors in the Manhattan District Attorney’s Office have already convened a grand jury, which could vote on imposing criminal charges, the report added.
Among other properties under scrutiny are Trump’s golf club in California, which he claimed to be worth $900,000 and at the same time $25 million in different situations, as well as his estate in suburban New York that was also valued between $56 million and $291 million, according to the report.
In July, the Trump Organization and its Chief Financial Officer Allen Weisselberg were charged in a New York court with tax crimes ranging over a 15-year time span, including a scheme to defraud, conspiracy, grand larceny and falsifying of business records.
Both, the Trump Organization and Weisselberg pleaded not guilty to the charges. Former president Donald Trump has characterized the charges as being politically motivated.