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Politics In Bid for Manhattan D.A., Trump’s Taxes Meet Hedge Fund Riches

13:16  13 july  2020
13:16  13 july  2020 Source:   bloomberg.com

Manhattan DA: Trump tax return ruling a 'tremendous victory' for justice system

  Manhattan DA: Trump tax return ruling a 'tremendous victory' for justice system Manhattan District Attorney Cyrus Vance, Jr. on Thursday praised a Supreme Court ruling that upheld his office's subpoena of President Trump's tax returns, calling it a win for the U.S. justice system."This is a tremendous victory for our nation's system of justice and its founding principle that no one - not even a president - is above the law," Vance, a Democrat, said in a statement."Our investigation, which was delayed for almost a year by this lawsuit, will resume, guided as always by the grand jury's solemn obligation to follow the law and the facts, wherever they may lead," he added.

(Reuters) - Hedge fund Chatham Asset Management' s bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co , the news company said on Sunday. The Miami Herald publisher said Chatham' s proposed deal

The expected deal to sell The Sacramento Bee, McClatchy’ s flagship publication, and other newspapers to a New Jersey hedge fund will end 163 years of family ownership.Credit Salgu Wissmath for The New York Times.

(Bloomberg) -- It’s the real-life “Law & Order,” the bane of mobsters and crooked politicos, killers and Wall Street greed, and one that gets a peek into President Donald Trump’s tax returns.

Now the office of the Manhattan district attorney, one of the most coveted prizes in American law, is again up for grabs -- and the list of contenders is growing to unseat Cyrus Vance Jr. in the polls next year. The latest is Tali Farhadian Weinstein, a seasoned federal prosecutor with an unusual insight into the ways of Wall Street: She’s married to Boaz Weinstein, the hedge fund magnate behind the $3 billion Saba Capital.

Trump Taxes Likely Going to Manhattan D.A., But Maybe Few Others

  Trump Taxes Likely Going to Manhattan D.A., But Maybe Few Others Manhattan District Attorney Cyrus Vance could soon get his hands on President Donald Trump’s tax returns, but that doesn’t mean the public will see them. © Photographer: Al Drago/Bloomberg Donald Trump listens to a question from a member of the media outside the White House in Washington, D.C. The U.S. Supreme Court on Thursday rejected the president’s claim of absolute immunity shielding his corporate and personal tax records from a subpoena Vance issued to Trump’s accounting firm, Mazars LLP, as part of an ongoing grand jury investigation.

(Reuters) - Hedge fund Chatham Asset Management' s bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co , the news company said on Sunday. The Miami Herald publisher said Chatham' s proposed deal

(Reuters) - Hedge fund Chatham Asset Management' s bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co , the news company said on Sunday. The Miami Herald publisher said Chatham' s proposed deal, which needs a court confirmation and other regulatory

The 44-year-old is an experienced lawyer, having spent much of the last decade in various roles at the Department of Justice. She’s also a Rhodes Scholar who clerked for Supreme Court Justice Sandra Day O’Connor.

Yet at a time of gaping economic inequality, some may question whether Gotham’s public avenger should be drawn from the ranks of the 1%. Tali and her husband are prominent fixtures in the city’s social circuit, splitting time between their Fifth Avenue penthouse and a Hamptons home, and Boaz’s hedge fund is having its best year ever profiting from the market mayhem.

People familiar with Farhadian Weinstein’s plans discussed her intent to announce her run as soon as Monday. A representative declined to comment on her behalf.

July 16 Hearing Set in N.Y. Trump Tax Case After Supreme Court Ruling

  July 16 Hearing Set in N.Y. Trump Tax Case After Supreme Court Ruling A federal judge ordered a hearing to be held July 16 on whether President Donald Trump has additional arguments against Manhattan District Attorney Cyrus Vance’s subpoena of his taxes and other financial records in light of a Supreme Court decision affecting the matter. © Photographer: Samuel Corum/The New York Times/Bloomberg Donald Trump The U.S. Supreme Court on Thursday ruled against Trump’s attempt to block the subpoena issued as part of a grand jury investigation, saying the president did not have absolute immunity from state legal proceedings. The case was remanded back to U.S.

Since his first presidential bid , Donald Trump has been an outspoken adversary against big-money politics. The "approved” Trump fundraising committee, known as a super PAC, that is "run by allies of the President" and promises to be a "trusted supporter of President Trump ' s policies and agendas."

A lawyer for the Trump Organization last month called the investigation politically motivated “harassment of the president, his family and his business, using subpoenas as weapons.”Credit Anna Moneymaker/The New York Times.

The office has a penchant for attracting cases that make splashy headlines -- drawing scrutiny for its actions tied to Harvey Weinstein, arresting Jeffrey Epstein and even tangling with President Trump. On that front, the office just scored a Supreme Court victory to examine the president’s tax returns.

And with a seat in the heart of the global financial capital, the role can hold immense sway over Wall Street.

The D.A.’s office is no stranger to wealth and privilege. Vance, who has been in the job for over a decade, is the son of the former secretary of state to President Jimmy Carter. He has yet to indicate whether he will run for re-election in a race that now features at least a half-dozen other contenders in the Democratic primary.

His predecessor was the legendary Robert Morgenthau, whose tenure began in 1975 and stretched over four decades. Morgenthau was a descendant of one of the Lehman Brothers, son of President Franklin Delano Roosevelt’s Treasury secretary and a friend of the Kennedys.

For reconstruction after the Corona crisis: millionaires demand higher taxes - for themselves

 For reconstruction after the Corona crisis: millionaires demand higher taxes - for themselves A group of 83 millionaires campaigns in the Corona pandemic for super-rich people to pay higher taxes. Including five Germans. © Photo: Imago One of the “Millionaires for Humanity”: Richard Curtis. A group of 83 millionaires from seven countries campaigns for higher taxes for the rich and super rich to fund social reconstruction after of the coronavirus pandemic. The group of signatories is called "Millionaires for Humanity".

President Trump at a White House event on Friday.Credit T.J. Kirkpatrick for The New York Times.

A federal appeals court dealt President Trump another setback in his effort to keep his tax records secret, ruling that the president’s The 3-0 ruling rejected Mr. Trump ’ s attempt to block Manhattan District Attorney Cyrus Vance Jr. from subpoenaing the president’s financial information from his

Tali Farhadian Weinstein moved to the U.S. with her Iranian family in 1979, with a fake tourist visa to seek asylum.

After the Yale Law School graduate started her legal career as a clerk for O’Connor, the first woman to sit on the Supreme Court, she served as a counsel to former attorney general Eric Holder and as an assistant U.S. attorney in the Justice Department for six years.

a couple of people posing for the camera © via Bloomberg

Tali with Goldman Sachs partner Chris Kojima and fellow NYPL board member Beth Kojima

Photographer: Amanda Gordon/Bloomberg

She married Boaz in 2010. As her husband’s wealth increased, they mingled in the upper echelons of New York’s philanthropic and social circles. That includes her appointment to the board of the New York Public Library, joining a roster that includes Steve Schwarzman and Jim Tisch and attending benefit dinners featuring Steven Mnuchin, Chuck Schumer and Jim Simons.

Most recently, she has been the general counsel at the Brooklyn district attorney’s office. She resigned from that role last week.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Trump is doubling down on a payroll tax cut which has slim GOP support and would do virtually nothing to help jobless Americans .
The president warned he may not sign an economic relief bill that doesn't contain a payroll tax holiday.In a Fox News interview that aired Sunday, Trump doubled down on the tax break and signaled he may not sign the legislation Congress eventually sends to his desk if it's not included.

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