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Politics Manhattan district attorney subpoenas NYC property tax agency in Trump Organization probe

22:15  20 february  2021
22:15  20 february  2021 Source:   cnn.com

Subpoenas suggest fresh scrutiny of Trump's Seven Springs estate

  Subpoenas suggest fresh scrutiny of Trump's Seven Springs estate An engineer told CBS News he recently received a subpoena and turned over maps of the 200-acre property and other documents he produced for the Trump Organization nearly a decade ago. The subpoena has not been previously reported and there is no indication that Mastromonaco is being investigated for wrongdoing.  Mastromonaco said his work included surveying Seven Springs as part of an effort by the Trump Organization to get approval for a subdivision in 2013, and that he doubts his work will prove relevant to the tax fraud investigation. "I think they are just touching every base.

The Manhattan District Attorney's Office has subpoenaed the New York City Tax Commission as part of a criminal investigation into former President Donald Trump's real estate company, according to a spokesperson for the New York City mayor.

a person walking down a street next to a fence: NEW YORK, NY - FEBRUARY 09: People walk past the Trump Tower as the impeachment trial of Donald Trump begins in Washington on February 09, 2021 in New York City. After listening to nearly four hours of legal arguments, the Senate has voted on Tuesday to move ahead with the impeachment trial of former President Trump. (Photo by Spencer Platt/Getty Images) © Spencer Platt/Getty Images NEW YORK, NY - FEBRUARY 09: People walk past the Trump Tower as the impeachment trial of Donald Trump begins in Washington on February 09, 2021 in New York City. After listening to nearly four hours of legal arguments, the Senate has voted on Tuesday to move ahead with the impeachment trial of former President Trump. (Photo by Spencer Platt/Getty Images)

"The New York City Tax Commission has received a subpoena from the Manhattan District Attorney regarding Trump Organization properties," Laura Feyer, a spokesperson for the New York City Mayor, which also speaks on behalf of the property tax agency's office, told CNN.

What SCOTUS ruling means for Manhattan DA's Trump criminal investigation

  What SCOTUS ruling means for Manhattan DA's Trump criminal investigation 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. © Drew Angerer/Getty Images The Manhattan district attorney's office is expected to have access to tax returns and financial records for Donald Trump and Trumg Org within the next few days.

Reuters first reported on the subpoena.

Feyer did not comment further on the matter. The Manhattan District Attorney Cy Vance's office declined to comment. CNN has reached out to the Trump Organization for comment.

Vance's office is investigating whether the Trump Organization violated any state laws, including insurance fraud or tax fraud. His team of prosecutors are looking into what the Trump Organization told lenders and tax authorities about the value of its assets and the legality of tax deductions, including from conservation easements and consulting fees the company took.

The Trump Organization has maintained that it has complied with all laws. The company's general counsel, Alan Garten, told the New York Times last year that "everything was done in strict compliance with applicable law and under the advice of counsel and tax experts" and that "all applicable taxes were paid and no party received any undue benefit."

Exclusive: New York City tax agency subpoenaed in Trump criminal probe

  Exclusive: New York City tax agency subpoenaed in Trump criminal probe Exclusive: New York City tax agency subpoenaed in Trump criminal probe(Reuters) - The Manhattan District Attorney’s Office has subpoenaed a New York City property tax agency as part of a criminal investigation into Donald Trump’s company, the agency confirmed on Friday, suggesting prosecutors are examining the former president’s efforts to reduce his commercial real-estate taxes for possible evidence of fraud.

Vance's investigation, which began in earnest in August 2019, includes allegations made by former Trump attorney Michael Cohen that the Trump Organization inflated assets when seeking loans and deflated them when it came time to pay taxes. CNN previously reported investigators have interviewed Cohen multiple times, including as recently as this week.

Investigators are also looking into numerous loans the Trump Organization has taken out, including those from Deutsche Bank and Ladder Capital, CNN reported this week.

Meanwhile, prosecutors are waiting on a Supreme Court ruling over a grand jury subpoena to Trump's accounting firm Mazars USA for his financial records, including his tax returns.

The subpoena issued to the New York City Tax Commission, which reviews annual real property tax assessments set by the Department of Finance, is a further sign that the prosecutors are looking into whether Trump's business misled local tax authorities about the value of its properties.

The New York City Tax Commission examines applications for correcting tax assessments and whether applicants have been improperly denied an exemption from real property tax.

There is a separate civil inquiry into the Trump Organization being conducted by the office of New York Attorney General Letitia James.

The Five Trump Amendments to the Constitution .
The 45th president profoundly altered our system of government.The surprising aspect of this conclusion is not that the Constitution can be informally amended. That has been the usual way of making revisions. In 1803, the Supreme Court granted itself the power to review laws and overturn them. In 1824, the states tied the electoral vote to the popular vote. Neither of those changes was inscribed on parchment or envisioned by the Founders, but today we can’t imagine our constitutional system without them.

usr: 1
This is interesting!