NY prosecutor finally gets ahold of Trump tax records after long fight

  • NY prosecutor finally gets ahold of Trump tax records after long fight

NY prosecutor finally gets ahold of Trump tax records after long fight

Manhattan Dist. Atty. Cyrus R. Vance Jr. fought for a year and a half to get access to former President Trump's tax records.

Now, thanks to a U.S. The transfer occurred Monday, within hours of the Supreme Court's one-line order, Frost said.

Trump's financial documents are at the heart of investigations into whether he violated laws.

The Manhattan District Attorney's office has reportedly obtained a massive cache of Donald Trump's tax returns and related records after years of attempts by the former president to hide them.

"Prosecutors look for discrepancies in paperwork".

Multiple media reports also said that Trump kept two sets of books for his properties, indicating potential financial fraud and lending credence to Cohen's testimony.

Whether Trump's records will contain evidence of a crime is uncertain.

Unlike all other recent USA presidents, Trump refused to make his tax returns public.

Bloomberg's Tim O'Brien, one of the few journalists who has seen former President Donald Trump's tax returns, told MSNBC's Lawrence O'Donnell on Thursday night he will sleep better now that Manhattan District Attorney Cy Vance finally has eight years of Trump's financial documents, from 2011 to 2019. Those would include communications showing how the raw data were analyzed and treated in the preparation of the records.

Trump's taxes will be handed over to prosecutors. "It's really the kitchen sink".

Vance, other prosecutors, and investigators are now poring over the documents to determine whether Trump, the Trump Organization, the real estate company's longtime chief financial officer Allen Weisselberg, or any of Trump's three adult children - Ivanka Trump, Donald Trump Jr. and Eric Trump - engaged in financial fraud.

O'Brien also underscored that the investigation implicates at least Eric Trump and Ivanka Trump, and "it also targets people inside the Trump Organization who might flip on Trump if they're exposed to criminal liability", but "the brass ring in all of this is that if Trump has a criminal conviction, he can not run for president again, and that's looming over this entire thing as well".

NBC News noted that Trump's legal team said that the subpoena was vastly overbroad and that it had been issued in bad faith to harass him.

It is unclear, though, whether Trump's tax records will add much to that part of the inquiry.

The appeals panel's decision came shortly after the New York Times began publishing a damning series of reports based on over two decades of Trump's tax documents obtained by the newspaper.

The New York Times obtained some of the records and reported last year that Trump had paid US$750 in federal income taxes in both 2016 and 2017, and no income taxes in 10 of the prior 15 years. Data in the returns could be essential in analyzing whether any of those maneuvers crossed legal lines. Some experts have questioned whether Trump overvalued the land to get a bigger break than he deserved. He cooperated extensively with both probes, and in his congressional testimony, Cohen said the USA attorney's office was investigating "wrongdoing or illegal acts" involving Trump that had not yet been revealed at the time.