This is another setback for the former President of the United States. On Monday, February 22, the Supreme Court dismissed a request to quash the decision of a federal judge who had ordered the surrender of eight years of tax and banking returns to Manhattan prosecutor, Cyrus Vance. The latter, who has been claiming them for months, will therefore be able to continue his investigations against the former president, which ultimately risk him being indicted.
The Supreme Court had already ordered in July 2020 to Donald Trump and his accounting firm Mazars USA to send the documents to the prosecutor. But the tycoon’s lawyers appealed to her again to challenge the scope of the documents requested. “The work continues”, simply reacted Mr. Vance in a statement.
Survey started in 2016
Initially centered on payments made, before the presidential election of 2016, to two alleged mistresses of the billionaire, the investigation of Mr. Vance, investigated behind closed doors before a grand jury, now also examines possible allegations of tax fraud, insurance fraud , or bank fraud.
According to US media, investigators recently interviewed employees of Deutsche Bank – long the financial backer of Donald Trump and his holding company, the Trump Organization – and his insurance company, Aon.
They also re-interviewed the president’s ex-personal lawyer, Michael Cohen, who is serving a prison sentence. He had told Congress that Trump and his company were artificially inflating or reducing the value of their assets, to alternately obtain bank loans or reduce their taxes.
If those suspicions were true and Mr. Trump was charged, they would expose the ex-president to possible imprisonment. Unlike federal offenses, violations of state laws cannot be pardoned by the President of the United States. New York State Democratic Attorney Letitia James is also investigating the allegations of bank fraud and insurance fraud in civil proceedings.
Donald Trump did not immediately react to the Supreme Court’s decision on Monday. But in the past he has called the investigation “Worst witch hunt in the history of the United States”.
Unlike other presidents in recent US history, Donald Trump has always refused to disclose his tax returns during the four years of his mandate.
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