News – USA – Supreme Court rejects Trump’s efforts to prevent Manhattan prosecutors from obtaining tax records

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By Graham Kates

22nd February 2021 / 9:46 a.m.
/ CBS News

The Supreme Court on Monday cleared yet another hurdle in the Manhattan District Attorney’s long search for former President Donald Trump’s tax records, denying a final attempt by the former President to shield his financial records from prosecutors

The court denied Mr Trump’s motion to stay lower court judgments in an unsigned order with no disagreement detected, meaning that this is the second time the judges will hear arguments in the case, and the Supreme Court ruled in July that the subpoena The Republican President’s record was constitutional, but her release was halted by an appeal that argued the subpoena was a malicious transgression of the political animus

The order paves the way for a New York grand jury, Mr. Trump’s tax records

Manhattan District Attorney Cyrus Vance, a Democrat, first began investigating Mr. Trump in 2018 and initially targeted hush money payments former Trump attorney Michael Cohen made to adult film star Stormy Daniels during the 2016 Republican campaign, the Vance office has since indicated in court records that the investigation has expanded to cover possible crimes Investigate as far-reaching as fraud and tax evasion

Vance made a one-line statement in response to the Supreme Court move, saying, “The work goes on.” His office indicated in a September court motion that there was a previously issued subpoena from Mr. Trump’s accounting firm in case the Supreme Court denied the former president’s motion

Vance’s investigation is one of two known criminal investigations into Mr. Trump on 10 On February 23, the District Attorney in Fulton County, Georgia opened an election fraud and extortion investigation into Mr Trump’s attempts to influence the outcome of Georgia’s 2020 presidential election

According to a spokesman for the agency, Danny Frost, Vance’s office was closed on Jan. Sworn in as Assistant District Attorney Mark Pomerantz, a former federal attorney with years of experience in complex financial and organized crime cases, Pomerantz works exclusively on the Trump case

Filings from Vance’s office in Mr. Trump’s appeal shows prosecutors are investigating huge disparities in the way Mr. Trump’s company valued properties in its portfolio For example, prosecutors wrote in September that Mr. Trump’s valuation of the Seven Springs Estate in suburban New York was between $ 25 and 50 million and between $ 261 and 291 million

Summons in the investigation suggest that the investigation is investigating the sprawling 200 acre property that spans the affluent New York cities of Bedford, New Castle, and North Castle Ralph Mastromonaco, an engineer who worked for Mr. Trump told CBS News on Jan. On Feb. 23 that he recently received subpoenas for his work, Mastromonaco said he was quick to act, handing over maps of the 200 acre property and other documents he made for the Trump Organization nearly a decade ago

Mastromonaco’s subpoena came weeks after Manhattan investigators sent a subpoena to the Bedford Town Clerk. The grand jury subpoena, received by CBS News, calls for documents pertaining to Seven Springs’ assessments and assessments, tax complaints and related conservation measures

First published on 22 February 2021 / 9:46 a.m.

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Graham Kates is a criminal justice, privacy, and information security investigative reporter for CBS News Digital. Contact Graham at KatesG @ cbsnewscom or grahamkates @ protonmailcom

Donald Trump, United States Supreme Court, Cyrus Vance Jr

News – US – The Supreme Court rejects Trump’s efforts to prevent Manhattan prosecutors from obtaining tax records

Source: https://www.cbsnews.com/news/trump-tax-records-supreme-court-manhattan-district-attorney/