Clear. 44.4   F New York
AI-Powered News Summarizer
Top Stories

What the Supreme Court ruling means for Manhattan DA's Trump criminal investigation

February 22, 2021. Summarized by summa-bot.

Compression ratio: 18.5%. 1 min read.

After 17 months and two trips to the US Supreme Court, the Manhattan district attorney's criminal investigation into former President Donald Trump's business has received a significant boost with investigators now able to pour over Trump's tax returns and financial records.

Trump, in a statement, said, "For more than two years, New York City has been looking at almost every transaction I've ever done, including seeking tax returns which were done by among the biggest and most prestigious law and accounting firms in the U. S. " He called the investigation a "fishing expedition. "

The district attorney's office is investigating whether Trump and the Trump Organization engaged in tax fraud, insurance fraud and other schemes to defraud, including potentially providing false information to financial institutions or banks about the value of certain buildings and assets.

Prosecutors have said Trump's financial records are critical to their investigation, citing the statute of limitations.

As prosecutors have waited for the court to rule, they have subpoenaed records and interviewed employees at Deutsche Bank about Trump loans, and insurance broker Aon, according to multiple sources familiar with the investigation.

In addition, investigators have subpoenaed the Trump Organization for records relating to fees paid to consultants, including Ivanka Trump, these people said.

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions