Prosecutors in Manhattan intensify their investigation into former President Trump
Donald Trump promises Trump ‘No more money for RINOS’, but encouraging donations to his federal judge of the PAC states that ‘QAnon shaman’ is too dangerous to be released from prison.businesses, in particular his Seven Springs estate in New York.
Sources close to the case told The Wall Street Journal that the Manhattan District Attorney’s Office has issued new subpoenas in recent weeks to obtain recordings of government meetings related to the Seven Springs Estate and the Trump Organization’s unsuccessful attempt to to create a luxury subdivision out of the property.
In January, it was reported that District Attorney Cyrus Vance Jr. had expanded his investigation into the Trump organization’s business transactions to include the Seven Springs estate. At the time, reports indicated that Vance was investigating whether the value of the property was inflated to increase a tax deduction obtained to donate 158 acres of the property for safekeeping.
Sources told the Journal that the DA office had also requested copies of planning board meetings in Bedford, NY, which is one of the towns on which the Seven Springs estate sits.
The Journal notes that Trump valued the Seven Springs property in 2012 for $ 291 million to financial institutions. The remark says that inflating the value of assets to obtain financial benefits is a criminal offense.
Trump valued the property at between $ 25 million and $ 50 million in paperwork during financial disclosure, reports the Journal, while local tax law mentions the property value at about $ 19 million.
The investigation into Trump’s property is part of a larger investigation being conducted by the Manhattan DA office to investigate possible taxes, insurance and bank fraud, the Journal reported. Prosecutors are also apparently investigating a loan for the Trump International Hotel and Tower Chicago.
In February, it was reported that the DA office in Manhattan had received Trump’s tax returns from Trump’s accounting firm, Mazars USA. Trump tried to block the summons for tax returns, but the Supreme Court ruled against his argument that presidents have immunity from the criminal process.