Vaughan Spa
Toronto Escorts

8 Years of Trump Tax Returns Are Subpoenaed by Manhattan D.A.

Charlemagne

Well-known member
Jul 19, 2017
15,451
2,483
113
8 Years of Trump Tax Returns Are Subpoenaed by Manhattan D.A.

Investigators demanded the president’s personal and corporate tax returns as they examine hush money paid to Stormy Daniels.

By William K. Rashbaum and Ben Protess

Sept. 16, 2019, 2:40 p.m. ET

State prosecutors in Manhattan have subpoenaed President Trump’s accounting firm to demand eight years of his personal and corporate tax returns, according to several people with knowledge of the matter.

The subpoena opens a new front in a wide-ranging effort to obtain copies of the president’s tax returns, which Mr. Trump initially said he would make public during the 2016 campaign but has since refused to disclose.

The subpoena was issued by the Manhattan district attorney’s office late last month, soon after it opened a criminal investigation into the role that the president and his family business played in hush-money payments made in the run-up to the election.

Both Mr. Trump and his company reimbursed Michael D. Cohen, the president’s former lawyer and fixer, for money Mr. Cohen paid to buy the silence of Stormy Daniels, a pornographic film actress who said she had an affair with Mr. Trump. The president has denied the affair.

It was unclear if the broad scope of the subpoena indicated that the office had expanded its investigation beyond actions taken during the 2016 campaign. A spokesman for the Manhattan district attorney, Cyrus R. Vance Jr., declined to comment.

The state prosecutors are seeking a range of tax documents from the accounting firm, Mazars USA, including Mr. Trump’s personal returns and those of his business, the Trump Organization. The subpoena seeks federal and state returns for both the president and the company dating back to 2011, the people said.

Unlock more free articles.Create an account or log in

The investigation by Mr. Vance has been focused on $130,000 that Mr. Cohen paid Ms. Daniels, whose legal name is Stephanie Clifford, just before the election. Mr. Cohen pleaded guilty last year to breaking federal campaign finance laws and received a three-year prison sentence.

While the federal prosecutors who charged Mr. Cohen stated in a court filing in July that they had “effectively concluded” their inquiry into possible crimes committed by the company or its executives, Mr. Vance’s office is exploring whether the reimbursements violated any New York state laws.

In particular, the state prosecutors are examining whether the company falsely accounted for the reimbursements as a legal expense. In New York, filing a false business record can be a crime.

But it becomes a felony only if prosecutors can prove that the false filing was made to commit or conceal another crime, such as tax violations or bank fraud. The tax returns and other documents sought from Mazars could shed light on whether any state laws were broken. Such subpoenas also routinely request related documents in connection with the returns.

Democrats have insisted for years that Mr. Trump release his tax returns, which every modern presidential nominee has done before him. They contend that the president may be trying to conceal details of his actual financial worth, the source of his wealth and possible conflicts of interest involving his business partners.

Congressional Democrats have taken an aggressive approach, subpoenaing six years of Mr. Trump’s tax returns from the Treasury Department, as well as personal and corporate financial records from Deutsche Bank, Capital One and Mazars USA.

The president has fought back to keep his finances under wraps, challenging the subpoenas in federal court. He has also sued to block a New York state law, passed this year, that authorized state officials to provide his state tax returns in response to certain congressional inquiries. By tying up the requests in court, Mr. Trump’s team has made it diminishingly likely that Democrats in Washington will get the chance to review them before the election next year.

But it may be more difficult to fend off a subpoena in a criminal investigation with a sitting grand jury, as there is in Manhattan. It is possible the Trump Organization could try to negotiate with the district attorney’s office to narrow the scope of the subpoena.

Jay Sekulow, a lawyer for Mr. Trump, and Marc L. Mukasey, a lawyer for the Trump Organization, both declined to comment.

Asked whether the company would seek to quash the subpoena, Mazars USA said in a statement that it “will respect the legal process and fully comply with its legal obligations,” adding that the company was prohibited by its policy and professional rules from commenting on its work. The statement, however, did not directly address whether the company might take any legal action to block the subpoena.

Even if the Manhattan district attorney’s office is successful in obtaining the president’s tax returns, the documents would be covered by secrecy rules governing grand juries, meaning they would not become public unless they were used as evidence in a criminal case.

At the beginning of August, the state prosecutors also subpoenaed the Trump Organization, seeking documents related to the payment to Ms. Daniels and the reimbursement to Mr. Cohen. With few legal options, the Trump Organization has been complying with that subpoena.

Still, the company has derided the investigation by Mr. Vance, a Democrat, as politically motivated.

“It’s just harassment of the president, his family and his business, using subpoenas as weapons,” Mr. Mukasey said last month.

As part of its investigation, prosecutors from Mr. Vance’s office visited Mr. Cohen in prison in Otisville, N.Y., to seek assistance with their investigation, according to people briefed on the meeting, which was first reported by CNN.

Mr. Cohen also helped arrange for American Media Inc., the publisher of The National Enquirer, to pay Karen McDougal, a Playboy model who also said she had an affair with the president. Prosecutors in the district attorney’s office subpoenaed American Media in early August, as well as at least one bank.

The investigation is not the first time Mr. Vance’s office has focused on members of the Trump family or its business. In 2012, his office declined to charge two of Mr. Trump’s children, Ivanka Trump and Donald Trump Jr., in an investigation into whether they misled buyers interested in the Trump SoHo hotel-condominium project, a decision that resulted in criticism of Mr. Vance.

Maggie Haberman contributed reporting.

Ben Protess covers the Trump administration, including its overhaul of Obama-era regulations and potential conflicts of interest arising out of the president's personal business dealings. He previously covered white-collar crime, Wall Street lobbying and the private equity industry. @benprotess

William K. Rashbaum is a senior writer on the Metro desk, where he covers political and municipal corruption, courts, terrorism and broader law enforcement topics. He was a part of the team awarded the 2009 Pulitzer Prize for breaking news. @WRashbaum•Facebook

https://www.nytimes.com/2019/09/16/nyregion/trump-tax-returns-cy-vance.html
 

bver_hunter

Well-known member
Nov 5, 2005
27,331
5,556
113
Trump will do his level best to try and delay this subpoena. The first President in 40 years who has not released his taxes although it was a campaign promise to do so.
If there is nothing to hide, why does he not release his taxes and get it over with?? Well if the truth is revealed, he will lose a substantial percentage of his base!!!!
 

WyattEarp

Well-known member
May 17, 2017
5,899
1,172
113
What is the Manhattan D.A. arguing their legitimate need is for the tax returns? Certainly if this about Stormy Daniels, the D.A. doesn't really have a legitimate case for the tax returns from 2011-2015.
 

bver_hunter

Well-known member
Nov 5, 2005
27,331
5,556
113
Trump made a promise to release his tax returns after the 2016 general Elections. What is his problem? Unless it is only considered to be yet another broken promise.
But a criminal investigation, is a criminal investigation. All relevant evidence has the be revealed. Period!!
 

Frankfooter

dangling member
Apr 10, 2015
79,716
17,561
113
What is the Manhattan D.A. arguing their legitimate need is for the tax returns? Certainly if this about Stormy Daniels, the D.A. doesn't really have a legitimate case for the tax returns from 2011-2015.
Sure he does, as there are rumours about the NE also paying off women previously.
Gotta check them out.
 

WyattEarp

Well-known member
May 17, 2017
5,899
1,172
113
Sure he does, as there are rumours about the NE also paying off women previously.
Gotta check them out.
And how is paying off women long before you are running for an office a crime?
 

onthebottom

Never Been Justly Banned
Jan 10, 2002
40,558
23
38
Hooterville
www.scubadiving.com
Is it illegal to pay people for non-disclosure agreements?
 

Butler1000

Well-known member
Oct 31, 2011
28,704
3,400
113
Is it illegal to pay people for non-disclosure agreements?
If it is then the Fed govt has been doing it on behalf of Senators and Congressnen for decades.....
 
Toronto Escorts