A new filing from the Manhattan district attorney’s office suggests that the office is investigating President Donald Trump and his company for potential bank and insurance fraud.
Breaking News: The Manhattan district attorney’s office suggested for the first time that it’s investigating President Trump and his company for possible fraud https://t.co/7GUYrvVnIu
— The New York Times (@nytimes) August 3, 2020
Daily Beast: The filing argues that Trump should be required to submit eight years of corporate and personal tax returns in compliance with the office’s subpoena, despite objections by Trump claiming the subpoena should be declared invalid.
The office only broadly referred to the reason for their investigation, stating “undisputed” news reports regarding Trump’s business practices gave them reason to issue the subpoena.
Trump is in deep trouble with the Manhattan DA Grand Jury investigation. “Protracted criminal conduct.” Tax fraud, Bank fraud. No William Barr & no pardons. This is moving bigger and faster than the Trump legal team’s stall strategy can hold off. https://t.co/pjNevBOahn
— Tom Joseph (@TomJChicago) August 3, 2020
Reports have indicated that the president may have given lenders and insurers false information, artificially inflating his net worth and his properties’ values. Trump’s lawyers insist he has done nothing wrong.
Manhattan DA Vance's new filing says investigation of Trump is broader than hush money – includes bank and insurance fraud. And he has hired former DOJ AAG Walter Dellinger to appear in subpoena case. Filing fee is best $200 Vance will ever spend. pic.twitter.com/9743k7WH5r
— Barb McQuade (@BarbMcQuade) August 3, 2020
New: Manhattan DA Cy Vance in a new filing pointed to reporting by @Fahrenthold that Trump inflated his wealth to potential lenders and business partners as a justification for subpoenaing his tax returns, signaling a possible fraud investigation. https://t.co/94bw4q3Fuo
— Andrew Solender (@AndrewSolender) August 3, 2020