Cliff Huxtable

Trump Organization under investigation for insurance and bank fraud

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The disclosure came in a federal court filing arguing that Trump should be forced to comply with a subpoena for his tax documents.

 

Attorneys for Manhattan District Attorney Cy Vance argued Monday that President Donald Trump should be forced to comply with a subpoena for his tax documents — and suggested that his company was under investigation for alleged insurance and bank fraud.

The disclosure in a federal court filing adds a new dimension to the battle over the president’s financial records.

 

Vance’s office subpoenaed Trump’s accounting firm, Mazars USA, in 2019 as part of an investigation into the Trump Organization about payments made to two women who have alleged affairs with the president, which he has denied. But the latest filing suggests Vance’s probe extends beyond the hush-money payments.

Trump’s lawyers filed an amended lawsuit last week saying Vance’s subpoena for tax documents from the president’s tax preparer was "overbroad" and was brought in bad faith. The new suit followed a decision by the Supreme Court last month that said a president is not immune from a grand jury subpoena while in office.

n a motion to dismiss filed in federal court Monday, Vance’s office said the claims in Trump’s second suit were “recycled.” In making the case that the subpoena was issued properly, the prosecutors referred to “public reports of possibly extensive and protracted criminal conduct at the Trump Organization.”

“In light of these public reports of possibly extensive and protracted criminal conduct at the Trump Organization, there was nothing facially improper (or even particularly unusual) about the Mazars subpoena, which was issued in connection with a complex financial investigation,” Vance’s lawyers wrote.

The filing says that the claims by Trump’s attorneys that the subpoena is “overbroad” because it focuses on so-called hush-money payments by his former attorney Michael Cohen in 2016 is a “false premise.”

The assertion “is fatally undermined by undisputed information in the public record” that includes a previous statement to the court by Vance’s office that says the subpoena is also related to “alleged insurance and bank fraud by the Trump Organization and its officers.”

Speaking at a Monday night press briefing, Trump criticized Vance's investigation. "This is just a continuation of the witch hunt," he said.

 

Will he comply and turn over his tax documents?

 

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Cy Vance should worry more about all the shootings taking place in Harlem. Getting involved in a political hit job is stupid when your district is burning. 

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They're investigating the organization but they want Trump's tax returns?

 

Something is not adding up here.

Does not pass the sniff test.

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Posted (edited) · Report post

10 hours ago, Cliff Huxtable said:

He basically laughs off everything, no?

Yes. Because it’s all bull**** and has been repeatedly proven to be so. 

Edited by Markushook

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55 mins ago, Gotcow? said:

They're investigating the organization but they want Trump's tax returns?

 

Something is not adding up here.

Does not pass the sniff test.

Bank AND tax fraud.  Isn't Trump "the" organization?   Trump Inc...

 

The sniffing will continue...

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17 mins ago, KnewBee said:

Bank AND tax fraud.  Isn't Trump "the" organization?   Trump Inc...

 

The sniffing will continue...

You got him now... I can feel it 

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