Trump tax records handed over to NY prosecutors

Joanna Estrada
February 26, 2021

Vance spokesman Danny Frost told TPM that the records were seized on Monday after the Supreme Court declined to hear an appeal from the former president in the matter.

That same day, the U.S. Supreme Court declined Trump's request to further delay the enforcement of a subpoena, paving the way for a ny grand jury to obtain and review the sought-after financial documents.

O'Brien also underscored that the investigation implicates at least Eric Trump and Ivanka Trump, and "it also targets people inside the Trump Organization who might flip on Trump if they're exposed to criminal liability", but "the brass ring in all of this is that if Trump has a criminal conviction, he can not run for president again, and that's looming over this entire thing as well".

The move caps an effort that began after a grand jury empaneled by the Manhattan prosecutor issued a subpoena for the records in August 2019.

After the Supreme Court threw out Trump's claim of "absolute immunity" past year, Trump brought a fresh challenge to the subpoena by arguing that it was overbroad and issued in bad faith.

His attorneys then challenged the scope of the requested documents, saying it was too broad.

Vance said a year ago the former president has "had multiple opportunities for review of his constitutional and state law claims, and at this juncture, he provides no grounds for further delay", adding, "His request for extraordinary relief should be denied, and the grand jury permitted to do its work".

Trump has rigorously and at times angrily denied any wrongdoing, labeling the district attorney's investigation a "fishing expedition" and political hit job orchestrated by Democrats.

The Supreme Court's ruling on Monday ended a almost two-year legal battle over the privacy of Trump's taxes.

USA presidents are not required by law to release details of their personal finances but every US leader since Richard Nixon has done so.

Trump repeatedly said he would release them pending an audit but ultimately broke with the tradition.

Vance, whose term expires at the end of the year, hasn't announced if he will seek reelection, leaving questions about who will lead any Trump-related prosecutions in the future.

Michael Cohen, Trump's longtime former lawyer and fixer, testified to Congress in 2019 that Trump repeatedly inflated or deflated the value of his financial assets for loan and tax purposes, respectively.

Trump faces unprecedented legal jeopardy for a former president.

Trump added that it is "something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew Cuomo".

It is unclear if and when the probe will lead to a prosecution, which would be the first of a former USA president.

The New York Times separately obtained years of Trump's tax data and published stories last year detailing some of his finances, including that he paid just US$750 in federal income tax in 2017 and no income tax in 11 of 18 years because of major losses.

NY state's Attorney General Letitia James is also investigating allegations of bank fraud and insurance fraud through civil proceedings.

Other reports by Click Lancashire

Discuss This Article