The Manhattan Prosecutor’s Office has hinted today that it is investigating the President of the United States, Donald Trump, and your company for possible bank and insurance fraud.
The information was released by The New York Times, which says the revelation came after attorney Cyrus R. Vance filed new documentation in court for the Republican to comply with the subpoena to show his tax returns for the past eight years. .
Last week, Trump had previously tried to overturn Vance’s subpoena after the U.S. Supreme Court ruled that he was not immune to state criminal investigations. At the time, the president argued that the decision was “extremely exaggerated”.
So far, the inquiry seemed largely focused on cash payments made on the eve of the 2016 presidential election to two women who said they had relations with Trump.
However, today the prosecutor has not made clear the focus of the investigation, but said that “undisputed” information that circulated in the media last year about business practices of Trump made it clear that the cabinet had a legal basis to intimidate him.
Vance observes public allegations of possible criminal activity at the Organization Trump and cites newspaper investigations that concluded that the president may have illegally inflated his net worth and the value of his properties to creditors and insurers.
Also according to the NYT, the document included an article on the testimony at the congress by ex-lawyer of tycoon Michael Cohen, who accused Trump committing insurance fraud. The statement, however, was denied by the American leader’s lawyers.