CNBC's Shep Smith reports on New York Attorney General Letitia James' decision to pull out of the governor's race to run for re-election. She says she wants to finish the cases she's already started, including a civil investigation into the Trump Organization. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 New York Attorney General Letitia James has asked for a deposition of former President Trump next month as part of a civil probe into possible fraud by the Trump Organization, a source told NBC News on Thursday. James’ office is investigating whether Trump’s business committed fraud in reporting the valuations of its properties to banks and tax authorities, NBC reported. The attorney general wants the deposition to take place on Jan. 7 in New York, the source told NBC. James’ office is working with the office of Manhattan District Attorney Cyrus Vance Jr. on a separate criminal fraud investigation of the Trump Organization. That probe has already produced charges against the Trump Organization, its chief financial officer, Allen Weisselberg, and the Trump Payroll Corporation. A July 1 indictment against them alleged a yearslong scheme to help Weisselberg and other executives at the companies avoid taxes on their compensation. The Washington Post, which first revealed the plans to take a deposition of Trump, reported a person familiar with the investigation saying James is looking to see if widespread fraud “permeated the Trump Organization.” A spokesman for James’ office declined CNBC’s request for comment on the Post’s reporting. A spokeswoman for Trump did not immediately respond to a request for comment. Ronald Fischetti, the lawyer representing Trump in the New York investigations, in a statement reacting to the deposition plans slammed James’ probe as “purely political” and a “witch hunt.” “We will wait until we see what they show us in their subpoena and we will respond with our motions,” Fischetti said. “This is purely political and he has done nothing wrong and we are not surprised at all.” » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast    Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/  #CNBC #CNBCTV