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The week
What Happens Next in New York’s Criminal Investigation of Trump and His Business
The Supreme Court on Monday cleared the way for New York prosecutors to obtain eight years of tax returns from former President Donald Trump and, equally important, business records and communications between the Trump Organization and its accounting firm, Mazars USA, which should provide context and fill in the gaps. The office of Manhattan District Attorney Cy Vance, which has been investigating potential financial crimes against Trump and his company for two years, is fairly quiet about the ongoing investigation. But we do know that “Vance has assembled a large team of investigators, including from outside the district attorney’s office, who are expected to start separating tax records as soon as they are obtained” from Mazars, possibly this week, The Washington Post reports. Vance’s team is investigating possible bank, insurance and tax fraud, reports the Wall Street Journal, and specifically investigates several of Trump’s high-profile Manhattan properties, including Trump Tower and 40 Wall St., as well as his 213 acres Seven Springs. area in Westchester County, just north or New York. Vance has previously assigned information to Trump’s lenders, an insurer and the New York City Tax Commission, the Journal adds. His office interviewed employees of Deutsche Bank, one of Trump’s biggest lenders, The New York Times reports. Investigators may be looking for “disparities that would show that on the one hand, Trump was telling the [Internal Revenue Service] that he was completely broke and, on the other hand, telling financial institutions that he was extremely wealthy, “former Manhattan attorney Duncan Levin told The Journal. Obtaining loans based on willfully false financial information can be a crime in New York State. Once Vance’s team gets Trump’s Financial Records, they will certainly “discover a real how-to guide to getting rich while losing millions of dollars and paying little or no income taxes, “reports The Times.” However, if they find evidence of crimes, it will also depend on “The investigation will likely end with a decision to lay charges against Trump or a conclusion that there is insufficient evidence, the Journal said, noting that such an announcement “could be in at least months. “In the meantime, Trump also faces investigations from New York Attorney General Letitia James and Georgia prosecutors, as well as several civil lawsuits. Trump on Monday called Vance’s festation” a continuation of the bigger hunt for political witches in our country’s history. “More stories from theweek.com Michael Cohen predicts Trump’s tax investigation will end in jail time
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