Tag: Trump possible bank fraud

D.A. Is Investigating Trump and His Company Over Fraud, Filing Suggests

New York Times logoThe office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new court filing arguing Mr. Trump’s accountants should turn over his tax returns.

The Manhattan district attorney’s office suggested on Monday that it had been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past.

The suggestion by the office of the district attorney, Cyrus R. Vance Jr., came in a new federal court filing arguing that Mr. Trump’s accountants should have to comply with a grand jury subpoena seeking eight years of his personal and corporate tax returns. Mr. Trump has asked a judge to declare the subpoena invalid.

Until now, the district attorney’s inquiry had appeared largely focused on hush-money payments made in the run-up to the 2016 presidential election to two women who said they had affairs with Mr. Trump. Continue reading.

Manhattan DA filings indicate Trump is being investigated for possible fraud and ‘protracted criminal conduct’: report

AlterNet logoIn New York City, new court filings by the office of Manhattan District Attorney Cyrus Vance, according to the New York Times, indicate that President Donald Trump may be under investigation for possible fraud.

According to Times reporters William K. Rashbaum and Benjamin Weiser, the filings indicate a “significantly broader inquiry than the prosecutors have acknowledged in the past.” And in the filings, Vance’s office argues that Trump should have to comply with subpoenas that demanded eight years of the president’s financial and tax documents.

Rashbaum and Weiser explain, “The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurer.” Continue reading.