Manhattan DA suggests in court filing it's investigating fraud at Trump Org

1010 WINS Newsroom
August 03, 2020 - 1:50 pm
Donald Trump

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NEW YORK (1010 WINS) -- The office of Manhattan District Attorney Cy Vance Jr. hinted in a court filing on Monday that its subpoena for President Donald Trump's tax returns is part of a larger investigation into possible bank and insurance fraud at the Trump Organization.

Vance's office made the disclosure in a new court filing arguing Trump should turn over eight years of his personal and corporate tax returns.

Trump has asked a judge to declare the subpoena invalid.

Vance's office did not directly identify the focus of its inquiry but said "undisputed" news reports of  "protracted criminal conduct" about Trump’s business practices demonstrate that the office has a basis to request the subpoena. 

"In light of these public reports of possibly extensive and protracted criminal conduct at the Trump Organization, there was nothing facially improper (or even particularly unusual) about the Mazars Subpoena, which issued in connection with a complex financial investigation, requesting eight years of records from an accounting firm," prosecutors wrote in a court filing submitted Monday.

Included in those reports are claims that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers.