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  1. #1
    Senior Member JohnDoe2's Avatar
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    Trump and company under investigation for bank and insurance fraud

    Trump and company could be under investigation for bank and insurance fraud, Manhattan DA Vance reveals


    PUBLISHED MON, AUG 3 202012:29 PM EDTUPDATED 2 HOURS AGO
    Dan Mangan@_DANMANGAN


    KEY POINTS

    • Manhattan District Attorney Cyrus Vance Jr. could be investigating President Donald Trump and his company for possible insurance and bank fraud, the prosecutor’s office revealed in a new court filing.
    • That revelation came in a filing by Vance’s office that urged a federal judge to toss out Trump’s new legal effort to prevent prosecutors from getting his tax returns and other records from his accountants through a grand jury subpoena.
    • The U.S. Supreme Court earlier this summer rejected Trump’s bid to block on the subpoena, ruling that presidents do not have immunity from being investigated for crimes by state prosecutors while in office.




    Manhattan District Attorney Cyrus R. Vance Jr. leaves a hearing in U.S. President Donald Trump’s tax case in New York, October 23, 2019.
    Eduardo Munoz | Reuters


    Manhattan District Attorney Cyrus Vance Jr. could be investigating President Donald Trump and his company for possible insurance and bank fraud, the prosecutor’s office revealed Monday in a new court filing.

    That revelation came in a filing by Vance’s office that urged a federal judge to toss out Trump’s new legal effort to prevent prosecutors from getting his tax returns and other records from his accountants through a grand jury subpoena.


    Vance’s office already was known to be seeking Trump’s financial records from the accounting firm Mazars USA as part of a probe into how the president’s company, the Trump Organization, accounted for a hush money payment to a porn star, Stormy Daniels, who says she had sex with Trump years ago. Trump has denied having sex with Daniels.

    The White House, the Trump Organization and Trump’s lawyer had no immediate comment on Vance’s filing.


    The filing Monday by Vance’s office in U.S. District Court in Manhattan did not explicity say what it is probing beyond the hush money payment.


    But the filing noted that the office is seeking up to a decade’s worth of the financial records to see if they contain evidence of other “potentially improper financial transactions by a variety of individuals and entities over a period of years.”


    “At the time the Mazars Subpoena was issued, there were public allegations of possible criminal activity at Plaintiff’s New York County-based Trump Organization dating back over a decade,” Vance’s office wrote, citing news reports last year.


    “These reports describe transactions involving individual and corporate actors based in New York County, but whose conduct at times extended beyond New York’s borders,” the filing said.

    The filing also cited a prior court ruling which noted that the “investigation may result in ‘a favorable outcome . . . substantially related to [,] ’ among other things, ’alleged insurance and bank fraud by the Trump Organization and its officers.”


    Trump’s former personal lawyer and fixer Michael Cohen testified to Congress last year that Trump had both inflated and deflated the value of real estate assets for tax and insurance purposes.


    Vance’s office in its court filing also said that Trump’s second lawsuit seeking to block the subpoena “merely regurgitates allegations and arguments this Court has rejected before.”


    The president’s ”‘new’ filing contains nothing new whatsoever, and [Trump] has utterly failed to make a ‘stronger showing’ of bad faith than he previously made to this Court,” Vance’s office said.


    Prosecutors also argued to Judge Victor Marrero that Trump’s suit opposing the subpoena “merely serves to delay the grand jury’s investigation.”


    The office said: “Every day that goes by is another day Plaintiff effectively achieves the ‘temporary absolute immunity’ that was rejected by this Court, the Court of Appeals, and the Supreme Court.”


    And the DA also argued that further delay increases the chance of loss of evidence and of the expiration of the statute of limitations for certain crimes.


    The U.S. Supreme Court last month rejected Trump’s bid to block on the subpoena
    , ruling that presidents do not have immunity from being investigated for crimes by state prosecutors while in office.


    But the Supreme Court allowed Trump to raise other arguments opposing the subpoena at the federal district court level.


    The president’s lawywers did so last week in their new lawsuit.


    That suit said the subpoena “amounts to harassment of the President in violation of his legal rights,” is “wildly overboard,” in the records it seeks, and “is not remotely confined to the grand jury investigation that began in 2018.”


    Trump’s lawyers also argue in the suit that the subpoena “was issued in bad faith.”


    Trump has refused to release his income tax returns to the public, reversing more than four decades of practice by other presidents.

    https://www.cnbc.com/2020/08/03/trum...challenge.html

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  2. #2
    Senior Member JohnDoe2's Avatar
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    Headlines

    NY prosecutors say Trump investigation extends beyond hush money payments

    Manhattan prosecutors on Monday asked a federal judge to dismiss President Donald Trump's lawsuit challenging a subpoena for his financial records, arguing ...
    CNN 1 hour ago


    President Trump and his Company Investigated for Possible Fraud, Filing Suggests

    The Manhattan district attorney's office suggested on Monday that it has been investigating President Trump and his company for possible bank and insurance ...
    The New York Times 2 hours ago




    Trump and company could be under investigation for bank and insurance fraud, Manhattan DA Vance reveals

    Manhattan District Attorney Cyrus Vance Jr. could be investigating President Donald Trump and his company for possible insurance and bank fraud, the ...
    CNBC 1 hour ago




    Trump Org under investigation for 'insurance and bank fraud,' filing suggests

    Attorneys for Manhattan District Attorney Cy Vance suggested Monday that President Donald Trump's company was under investigation for alleged insurance ...
    NBC News1 hour ago


    Trump and his company being investigated for bank fraud, Manhattan prosecutors suggest

    Donald Trump and his company may be the subject of New York prosecutors' deeper inquiry into possible bank fraud, according to new court filings from District ...
    The Independent 6 hours ago


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  3. #3
    Senior Member JohnDoe2's Avatar
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    New York Times: Prosecutors subpoenaed Trump's bank in criminal inquiry

    By Paul LeBlanc, CNN
    Updated 9:11 PM ET, Wed August 5, 2020



    (CNN)New York prosecutors subpoenaed President Donald Trump's primary lender as part of the Manhattan district attorney's criminal investigation into the President's business practices, The New York Times reported Wednesday.

    Four people familiar with the inquiry told the newspaper that Deutsche Bank was subpoenaed last year for financial records that Trump and the Trump Organization provided the bank. The bank complied with the subpoena and provided the Manhattan district attorney's office with financial statements, records and other materials, two of the people familiar told The Times.

    Both Deutsche Bank and the Manhattan DA's office declined to comment Wednesday.


    News of the subpoena comes after prosecutors on Monday signaled that their investigation extends beyond hush-money payments and asked a federal judge to dismiss Trump's lawsuit challenging a subpoena for his financial records.


    Manhattan District Attorney Cy Vance's lawyers have previously said the probe is expansive, and on Monday they pointed out that when the subpoena was issued, "there were public allegations of possible criminal activity at Plaintiff's New York County-based Trump Organization dating back over a decade."

    Last month, lawyers for Trump had filed an amended complaint seeking to block the state grand jury subpoena to Trump's long-time accountant Mazars USA for eight years of personal and business records by arguing the subpoena was "wildly overbroad" and issued in bad faith.


    Trump's latest legal challenge comes after the US Supreme Court ruled last month that the President does not have broad immunity from a state grand jury subpoena. At the White House, Trump called Vance's probe "a continuation of the witch hunt."


    "It's Democrat stuff," Trump said during Monday's press briefing. "They failed with Mueller. They failed with everything."


    The criminal investigation is still in an early stage, a person briefed on the matter told The Times.


    Michael Cohen, Trump's former personal attorney, told Congress in 2018 that he believed Trump artificially inflated the value of some of his assets in dealings with insurers and banks. Cohen offered only three internal financial documents as his proof, but no other documents to bolster his claims.


    The district attorney's office interviewed Cohen as part of its Trump investigation at least three times last year, CNN has previously reported. People familiar with the inquiry say Cohen was asked about the range of allegations he has made against the President.

    https://www.cnn.com/2020/08/05/polit...ion/index.html

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  4. #4
    Senior Member JohnDoe2's Avatar
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