October 28, 2020 04:58 AM RSS

NYC DA: Trump Facing ‘Criminal Tax Fraud’ Investigation

  • Wall Street Rebel | James DiGeorgia
  • 09/22/2020 2:56 PM
NYC DA: Trump Facing ‘Criminal Tax Fraud’ Investigation

Regardless of who wins the presidency and control of the two chambers of Congress, President Donald Trump will undoubtedly continue to be the subject of multiple investigations, including the one conducted by Manhattan DA Cyrus Vance Jr.   

 

Thanks to an appellate brief filed on Monday, September 21, 2020, we now know that Manhattan District Attorney Cyrus R. Vance Jr., who has been rumored to be aggressive, is probing Trump’s personal and business financial history. In the filing with the court Vance and his legal team stressed that his office should have access to Trump’s tax returns because of numerous reports from major news organizations. Former employees of Trump and his business indicate that a “criminal tax fraud” investigation is needed.

That reality justifies and legitimizes the Manhattan District Attorney’s subpoenas for eight years of Trump’s personal and business tax returns.  According to Law & Crime reporter Matt Naham…

Cyrus R. Vance Jr. filed the brief in the U.S. Court of Appeals for the Second Circuit. According to Naham, the brief “cited reports from the Washington Post, the Wall Street Journal and the New York Times to provide a ‘snapshot’ for the court of the Trump Organization’s ‘financial improprieties’ that ‘could potentially violate New York law.’ These articles addressed anything and everything from Trump’s role in the hush-money payments that Michael Cohen paid out before the 2016 election to allegations that Trump has inflated his net worth to lenders and investors.”

In the appellate brief, Vance’s office argued…

 “These reports have identified transactions spanning more than a decade, involving individual and corporate actors who were based in New York County.”

Trump ‘s attorneys have been arguing (as a delay tactic) Vance’s investigation lacks substance, that he has nothing concrete to go on and is conducting a politically motivated witch hunt. Trump and his sycophants have run a PR campaign claiming the Manhattan DA is harassing the president for no good reason and doesn’t have probable cause to support their issued subpoenas.

In the latest legal brief delivered to the Appellate court, Vance responded to Trump and his minion’s claims by providing specific reasons why the DA believes an investigation is needed.

The brief reads…

 “In particular, if misstatements about business properties, wherever located, were conveyed from that business’ headquarters in New York to New York-based business partners, insurers, potential lenders or tax authorities, those misstatements could establish New York crimes such as Scheme to Defraud (Penal Law § 190.65), Falsification of Business Records (Penal Law § 175.10), Insurance Fraud (Penal Law §§ 176.15-176.30), and Criminal Tax Fraud (Tax Law §§ 1803-1806), among others.”

Law & Crime reporter Matt Naham points out that…

“Vance’s investigation of Trump goes beyond hush money payments made by Cohen, the president’s former personal attorney. Vance’s office, Naham notes, has also been well-aware of a “series of bombshell reports from the Washington Post about the 45th president’s alleged wealth-inflation and the Trump Organization’s alleged tax-dodging strategies — encompassing possible insurance fraud and bank fraud. And on Monday, Vance argued, for the first time, that you can add criminal tax fraud to the pile.”

 

                      Trump’s tax returns must be turned over to NYC district attorney




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