Manhattan Prosecutor Bears Down On Trump

President Donald Trump presents the Presidential Medal of Freedom to Dan Gable in the Oval Office, Monday, Dec, 7, 2020.   ( Photo by Doug Mills/The New York Times)
WASHINGTON, DC - DECEMBER 07: President Donald Trump speaks to the media after presenting the Presidential Medal of Freedom to Dan Gable in the Oval Office on December 07, 2020 in Washington, DC. Gable is a Olympic g... WASHINGTON, DC - DECEMBER 07: President Donald Trump speaks to the media after presenting the Presidential Medal of Freedom to Dan Gable in the Oval Office on December 07, 2020 in Washington, DC. Gable is a Olympic gold medalist wrestler and coach and Iowa native. Considered to be one of the greatest wrestlers of all time. (Photo by Doug Mills-Pool/Getty Images) MORE LESS
Start your day with TPM.
Sign up for the Morning Memo newsletter

State prosecutors with the Manhattan district attorney’s office have issued subpoenas to President Trump’s insurance broker and lender, the New York Times reports.

The moves mark an escalation of Manhattan District Attorney Cyrus Vance’s  investigation into President Trump’s financial affairs which, unlike federal probes, could result in charges that are immune from the President’s pardon power.

Prosecutors have reportedly brought new witnesses before a grand jury empaneled in Manhattan.

In court documents filed against President Trump’s long-running efforts to litigate a criminal subpoena for his taxes, state prosecutors suggested that the probe encompasses allegations of tax, bank, and insurance fraud, based on public reports about the Trump organization’s conduct.

Vance’s employees questioned two Deutsche Bank employees about the lender’s procedures for underwriting and issuing loans, the Times reported. Insurance broker Aon said that it had received a subpoena from Vance’s office.

New York’s Department of Financial Services issued a separate civil subpoena to Aon last year, after former Trump attorney Michael Cohen testified to Congress that the Trump organization would inflate the value of its assets to insurance companies.

Trump has zealously fought any attempt at scrutiny of his business and financial dealings, erecting a wall of both personal and government attorneys to fend off inquiries.

That effort has largely been successful.

Congressional investigators from multiple committees have struggled to enforce subpoenas issued to Trump’s longtime lenders and accountant for his financial records, while even prosecutors with Vance’s office find themselves before the Supreme Court for a second time, arguing again whether their subpoena for the President’s financial records was too broad.

But once Trump leaves office, he’ll lose his pardon power and the protection from criminal prosecution granted to sitting presidents.

Correction: The initial photo accompanying this story mistakenly identified the subject of the photo as Cy Vance. We regret the error.

Latest News

Notable Replies

  1. Manhattan Prosecutor Bears Down on Trump.

    Eeww!

  2. Between this and Times magazine’s Person Of The Year, Rump is going to be crazier then usual.

    Looking forward to ‘boring’ old Biden.

  3. [“The moves mark an escalation of Manhattan District Attorney Cyrus Vance’s investigation into President Trump’s financial affairs which, unlike federal probes, could result in charges that are immune from the President’s pardon power.”]

    Me likey :sunglasses:

  4. Another excellent report from Josh Kovensky

  5. During these trying times, it’s always good to remember that Donnie Two Scoops is going to die in prison.

Continue the discussion at forums.talkingpointsmemo.com

275 more replies

Participants

Avatar for srfromgr Avatar for littlegirlblue Avatar for mattinpa Avatar for cervantes Avatar for bluinmaine Avatar for ralph_vonholst Avatar for alyoshakaramazov1 Avatar for karlsgems Avatar for pine Avatar for darrtown Avatar for thunderclapnewman Avatar for tena Avatar for jinnj Avatar for misterneutron Avatar for tsp Avatar for castor_troy Avatar for rhs1963 Avatar for drtv Avatar for txlawyer Avatar for zenicetus Avatar for rascal_crone Avatar for haddockbranzini Avatar for dicktater Avatar for Thane

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: