The New York district attorney is now in possession of former President Donald Trump’s tax records.
According to the spokesperson for the district attorney, prosecutors managed to obtain Trump’s tax records on Monday. This comes as the Supreme Court denied the former president’s effort to keep the documents private.
Sources claim that the documents include the former president’s tax returns from January 2011 to August 2019. They also include his financial statements, agreements, and other documents connected to his tax returns.
The documents, which were handed from Mazars, Trump’s accounting firm, won’t be accessible to the public due to grand jury secrecy rules. However, their transfer ends Trump and his legal team’s efforts to block prosecutors from getting them.
Investigating Trump’s Tax Records
New York District Attorney Cy Vance has been tasked to investigate whether the former president and the Trump Organization dabbled in tax and insurance fraud. He is also investigating if they provided false information regarding the worth of certain properties and assets.
Now that they are in possession of the documents, the prosecutors now have the means to dig deeper in their investigation, contact and conduct interviews with potential key witnesses, and find out if Trump broke any state law.
The documents released might prove to be crucial in the investigation as they reflect Trump’s decision-making and actions behind certain valuations and tax write-offs. These are important as they can show if the intent to commit a crime is there or not.
Apart from the Mazars documents, the district attorney’s office is in pursuit of obtaining other documents. These include records from the Deutsche Bank, which served as one of the former president’s creditors. Deutsche Bank has granted loans to Trump, valued at more than $300 million. The prosecutors have also interviews employees from the said bank.
In addition to Deutsche Bank, they have also subpoenaed Ladder Capital, an investment trust which has granted the Trump Organization loans worth over $100 Million. The Trump Organization has also been subpoenaed for records that are connected to consultation fees they have paid.
Up Next:
