As part of a broader probe into the Trump Organization, Manhattan prosecutors are taking a closer look at Seven Springs.
Former President Donald Trump spent years attempting to develop the bucolic Westchester site. In recent weeks, the Manhattan district attorney’s office has issued subpoenas and requested recordings of local government meetings related to those plans, according to the Wall Street Journal.
Trump bought the 213-acre property in 1995 for $7.5 million and later valued it at up to $291 million in financial statements given to various institutions.
Overstating assets’ value to help secure loans or other financial benefits can be a state criminal offense.
Read more
![Donald Trump, Manhattan District Attorney Cy Vance and Trump Tower in New York (Photos via Getty, Wikipedia Commons)](https://static.therealdeal.com/wp-content/uploads/2021/02/ft-cy-vance-trump-probe-250x179.jpg)
![Attorney General Letitia James and Trump's Seven Springs in Upstate, New York (Getty, Trump Organization/Photo Illustration by Kevin Rebong for The Real Deal)](https://static.therealdeal.com/wp-content/uploads/2021/02/ft-seven-springs-trump-250x179.jpg)
![Attorney General Letitia James and President Donald Trump. Background from left: the Trump International Hotel and Tower in Chicago, Trump National Golf Club in Los Angeles, Seven Springs Estate in Westchester County and 40 Wall Street in New York City (Photos via Getty; C R and Yuki Shimazu via Flickr; Wikipedia Commons)](https://static.therealdeal.com/wp-content/uploads/2020/08/ft-properties-AG-investigating-into-trump-200x200.jpg)
Prosecutors in recent weeks have sent subpoenas to land-use lawyer Charles Martabano and engineer Ralph Mastromonaco, who were involved in plans for the property. The district attorney’s office also requested recordings of planning-board meetings in Bedford, New York, one of three towns where the estate is located.
In December, Manhattan prosecutors sent a different batch of Seven Springs subpoenas to the three towns.
[WSJ] — Sasha Jones