A U.S. Supreme Court decision, released yesterday, denied Donald Trump’s appeal, thus allowing the prosecutor’s office to acquire terabytes of financial and tax data from the former President’s eight-year life. The New York Times, which has been conducting an independent investigation, offers some answers on the next steps in the process, after consulting with several experts.
The next phase of the Manhattan Prosecutor’s investigation will begin this week when “investigators at the behest of the prosecutor handling the case, Cyrus Vance, go to the Mazars USA office, where much of the public accounting (and therefore not offshore) is located. Donald Trump, requesting dossiers with the former President’s many years of fiscal and financial life ”.
Then, the Public Prosecutor’s Office, assisted by financial experts, will “assess before the range of possible crimes, which and where the last trumps committed by Trump fit”. The American newspaper’s investigation suggests “Tax fraud, in the insurance and banking area”.
Vance will then “ask questions and send rogatory letters to access more data and witnesses such as senior officials from the former White House occupier, Donald Trump’s main creditors and the main target: Deutsche Bank”, one of the main partners and faithful depository of the ex-President and who “did everything to get away from him, after the January 6 invasion of the Capitol”, as the Washington Post revealed at the time.
Core of the charge
Despite the fact that the accusation is still confidential, the American daily indicates that “the main matter of fact concerns situations of fiscal and financial fraud carried out from the properties of Donald Trump: with its illegally inflated value, so that the former President could obtain large loans, or, sometimes months later, financially underestimated so that Trump would not have to pay high taxes on real estate ”.
The Public Ministry will also “analyze communications between the Trump Organization and its insurers to understand if fraud is suspected of the value of various assets ”, adds the New York Times.
Vance also subpoenaed the Trump Organization and asked for records on “iments related to consulting fees, some of which are attributed to the eldest daughter of the former President, Ivanka Trump ”, as the NYT reveals. The Washington Post states that “the Trump family delivered several documents last month.”
What has not been evident for now is whether, “in addition to the ex-President, the two sons, Donald Trump Jr. and Eric Trump, or their executives will also be targets of prosecution.”
Too many tasks for one man
According to the American press, earlier this month, Vance recruited a prestigious lawyer and retired magistrate, Mark F. Pomerantz, to help with the investigation. Pomerantz will “organize the various subjects of the case and apply his experience in white collar crimes to write a criminal framework that will be part of the prosecution”.
To assess fraud directly related to Trump’s properties, Vance recruited FTI, a major real estate consultant, the NYT revealed last week.
#Trumps #finances #revealed #stake