Manhattan prosecutors step up investigation into Trump’s New York estate: report

Manhattan prosecutors have reportedly stepped up their investigation into the former President TrumpDonald Trump Trump promises ‘More money for RINOS’, instead encouraging donations to his PAC Federal judge judges ‘QAnon shaman’ too dangerous to be released from prison Pelosi says the Capitol riot was the one of the most difficult moments of his career PLUSbusinesses, especially his Seven Springs estate in New York.

Sources familiar with the matter told the Wall Street Journal that the Manhattan District Attorney’s Office has issued new subpoenas in recent weeks to obtain tapes of government meetings related to the Seven Springs estate and the unsuccessful attempt to lodge it. Trump organization to create a luxury subdivision off the property. .

In January, it was reported that Manhattan District Attorney Cyrus Vance Jr. had broadened his investigation into the Trump Organization’s trade relations to include the Seven Springs estate. At the time, reports said Vance was investigating whether the property’s value was inflated in order to increase a tax deduction obtained by donating 158 acres of the property for conservation.

Sources told the Journal that the prosecutor’s office also requested copies of planning council meetings in Bedford, New York, which is one of the towns where the Seven Springs estate is located.

The Journal notes that Trump valued the Seven Springs property at $ 291 million in 2012 for financial institutions. Inflating the value of assets in order to obtain financial benefits is a state criminal offense, notes the outlet.

In financial disclosure documents when he was president, Trump valued the property between $ 25 million and $ 50 million, the Journal reports, while local tax assessment rolls show the property’s value at around $ 19 million. of dollars.

The Trump property investigation is part of a larger investigation by the Manhattan District Attorney’s Office into possible tax, insurance and bank fraud, the Journal reports. Prosecutors are also reportedly seeking a loan for the Trump International Hotel and Tower Chicago.

In February, it was reported that the Manhattan DA’s office had obtained Trump’s tax returns from Trump’s accounting firm, Mazars USA. Trump had tried to block the subpoena for tax returns, but the Supreme Court rejected his argument that presidents have full immunity from criminal process.