Ivanka Trump and her family were spotted leaving their Miami condominium Wednesday with their luggage – hours after a court document filed by New York Attorney General Letitia James revealed the former president’s daughter was given the option to buy a luxury NYC apartment from the Trump Organization for a third of the value listed on company financial statements.
Ivanka, her real estate developer husband Jared Kushner and their three children left their Art Miami Surfside residence late Wednesday evening and entered a black SUV as staff loaded suitcases into the trunk.
Ivanka, 40, and Jared, 41, were both pictured with smiles on their faces and in leisurely attire. The children sported similar outfits.
It was unclear where the family was headed.
Ivanka, her famous father and brother Eric Trump have faced scrutiny in recent weeks as AG James continues to release new findings from her tax fraud investigation.
The attorney general’s probe comes as Donald Trump is positioning himself for a potential run to try to recapture the White House – while also blasting the probe as a politically motivated witch hunt. The investigation threatens to ensnare not only Trump and his top executives – some who have served his family for decades – but the adult children he relied on both at his business enterprise and while serving in the White House.
Ivanka Trump and her family were spotted leaving their Miami condominium Wednesday with their suitcases
Ivanka (left), her real estate developer husband Jared Kushner (right with daughter Arabella and son Joseph) and their three children left their Art Miami Surfside residence
The family entered a black vehicle as staff loaded suitcases into the trunk.
Ivanka, wearing a white t-shirt and black hooded sweatshirt, smiles as she holds the hand of her son, Joseph
Left: The couple’s youngest child, Theodore, 5, was seen carrying a backpack and wearing a face covering, despite the fact that the rest of the family was unmasked. Right: Jared is seen getting into the vehicle
Ivanka and Jared left their Florida condo around 7pm Wednesday.
The seemingly cheery mother-of-three was seen holding the hand of her 8-year-old son Joseph who sported massive grim.
The couple’s youngest child, Theodore, 5, was seen carrying a backpack and wearing a face covering, despite the rest of the family being unmasked.
Their eldest, 10-year-old Arabella, appeared to be grimacing or holding back a smile.
Earlier Wednesday, around 4.30pm, Jared was seen poolside as he conducted a phone call.
The former Trump adviser, sporting the same blue T-shirt he later left the condo in, was seemingly deep in conversation.
He was seen with his hands on his hips, a body gesture that is generally considered to be assertive or defensive.
Earlier Wednesday, around 4.30pm, Jared was seen poolside as he conducted a phone call
The 41-year-old father, sporting the same blue t-shirt he later left the condo in, was seemingly deep in conversation
He was seen with his hands on his hips, a body gesture that is generally considered to be assertive or defensive
The family’s trip comes after James revealed Ivanka had an option to purchase a Park Avenue apartment in New York for $8.5 million, according to the court order seeking testimony filed by the AG’s office, after leasing it on ‘extraordinarily favorable terms’.
Donald Trump, on his Statement of Financial Condition over several years listed values of the apartment at between $20,820,000 and $25,000,000, according to the document.
The revelations about the lucrative perk for the president’s daughter comes in a sweeping court filing filed by the AG as she seeks to secure testimony and obtain further documentation in a probe of what the AG says in an extraordinary public statement are ‘fraudulent and misleading’ valuations of major business assets.
The same document reveals that her brother, Eric Trump, invoked his Fifth Amendment right against self-incrimination 500 times over six hours of testimony – amid a parallel criminal investigation.
They are among the allegations of accounting tricks and unusual financial arrangements spelled out in court documents filed by James’ office seeking to compel testimony by the former president, Ivanka and Eric Trump in their civil investigation of Trump’s real estate and hospitality empire.
James’ office mentions the apartment in a filing that alleges the Trump Organization pumped up valuations when communicating with lenders, but provided low-ball estimates to tax authorities.
The AG argues the president’s daughter, who served as an unpaid White House aide when Trump was in office, should have to testify.
‘Given Ivanka Trump’s involvement in these and other matters, her testimony plainly bears a reasonable relation to the matters under investigation by OAG and must be compelled,’ according to the filing.
It states her ‘knowledge’ of the financial statements, and says Ivanka ‘also has relevant information regarding the valuation of assets contained therein. In particular, she was able to ask for and access financial summaries and projections covering properties or businesses in the Trump Organization portfolio.’
According to a Trump Organization website, the building is ‘idyllically situated near Central Park, world-renowned restaurants, shopping and some of Manhattan’s most prestigious schools’
Ivanka had an option to purchase the Park Avenue apartment for $8.5 million, according to the court order seeking testimony filed by the AG’s office, after leasing it on ‘extraordinarily favorable terms’. Ivanka is seen in the apartment with two of her kids
Ivanka’s father father Donald Trump, on his Statement of Financial Condition over several years listed values of the apartment at between $20,820,000 and $25,000,000, according to the document. Ivanka and Jared’s kids are seen in the apartment
The apartment had room enough for a Steinway baby grand. Ivanka was later given the option to buy a larger unit
Ivanka tweeted images from her apartment on Instagram
New court filings allege complex schemes to overstate the value of company holdings
The highlighted section of the document alleges Ivanka was given the option to purchase the property at a cheaper price
Ivanka paid ‘a monthly rental rate that was a mere fraction per square foot of what other penthouse tenants paid in the building,’ according to the filing.
She rented the apartment at Trump Park Avenue beginning in 2011, according to the filing.
The company’s 2011 and 2012 financial statements were at ‘approximately two and a half times as much as the option price, with no disclosure of the existence of the option.’ In 2013, it was valued at $25 million – ‘more than three times the option price, again, with no disclosure of the existence of the option.’
In 2015, Ivanka got an option to purchase a larger penthouse unit at in the same building for $14 million.
According to a Trump Organization web site, the building is ‘idyllically situated near Central Park, world-renowned restaurants, shopping and some of Manhattan’s most prestigious schools, houses over 120 luxury condominiums in one of the Upper East Side’s most coveted locations.’
‘Refitted with a world-class selection of Italian fixtures, polished hardwoods, and marble finishes, each detail of Trump Park Avenue is meticulously adorned with a sense of sophistication and classicism.’
The New York’s attorney general is seeking a court order to force Donald Trump and his two oldest children to testify in their fraud case, stating that she has ‘uncovered significant evidence’ of financial misconduct.
James has since March 2019 been looking into the tax affairs of the Trump Organization, after former Trump confidante Michael Cohen shed light on its business practices.
James is probing at whether the Trump Organization inflated the value of its assets in a bid to claim tax relief.
James has already been able to obtain some information from Trump Organization officials, including from early participation of Trump family members. But her office says the flow of key information has stopped.
The Trump Organization ‘has not made anything approaching a complete production of documents for Mr. Trump,’ according to the document.