D.A. Is Investigating Trump And His Company Over Fraud, Filing Suggests

The office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new court filing arguing Mr. Trump’s accountants should turn over his taxBy

By William K. Rashbaum and

Credit…..Doug Mills

The Manhattan district attorney’s office suggested on Monday that it had been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past.

The suggestion by the office of the district attorney, Cyrus R. Vance Jr., came in a new federal court filing arguing that Mr. Trump’s accountants should have to comply with a grand jury subpoena seeking eight years of his personal and corporate tax returns. Mr. Trump has asked a judge to declare the subpoena invalid.

Until now, the district attorney’s inquiry had appeared largely focused on hush-money payments made in the run-up to the 2016 presidential election to two women who said they had affairs with Mr. Trump.

In the new filing, the prosecutors did not explicitly identify the matters under scrutiny in the grand jury inquiry, which by law is conducted in secret. But they said that “undisputed” assertions in earlier court papers and several news reports about Mr. Trump’s business practices showed that the office had a wide legal basis for the subpoena.

“In light of these public reports of possibly extensive and protracted criminal conduct at the Trump Organization,” there was nothing improper or even unusual about the subpoena, the filing said.

The prosecutors cited newspaper reports, including one that concluded the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. They also included an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, who told lawmakers last year that the president had committed insurance fraud. Lawyers for the president have denied wrongdoing.

Leave a Reply

Your email address will not be published.