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Politics Supreme Court refuses Trump effort to block tax return subpoena

12:36  23 february  2021
12:36  23 february  2021 Source:   politico.com

Supreme Court again rejects Trump’s bid to shield tax returns, other financial records from Manhattan prosecutor

  Supreme Court again rejects Trump’s bid to shield tax returns, other financial records from Manhattan prosecutor After a four-month delay, the court denied the former president’s motion in a one-sentence order with no recorded dissents. District Attorney Cyrus R. Vance Jr. has won every stage of the legal fight — including the first round at the Supreme Court — but has yet to receive the records he says are necessary for a grand jury investigation into whether the president’s companies violated state law. Vance responded to the court decision with a three-word tweet: “The work continues.

The Supreme Court has cleared the way for prosecutors in New York City to receive eight years of former President Donald Trump’s tax returns and other financial records as part of an ongoing investigation into possible tax, insurance and bank fraud in Trump’s business empire.

a man wearing a suit and tie: Former President Donald Trump walks to the White House residence after exiting Marine one on South Lawn of the White House on July 15, 2020. © Provided by POLITICO Former President Donald Trump walks to the White House residence after exiting Marine one on South Lawn of the White House on July 15, 2020.

The high court’s decision to turn down Trump’s request for a stay of a grand jury subpoena advances a criminal probe by Manhattan District Attorney Cy Vance Jr. that appears to be one of the most serious of an array of legal threats Trump faces in his post-presidency.

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 justices issued no explanation for the denial and no member of the court publicly noted any dissent.

Last July, the justices unanimously rejected Trump’s broad claims that he was absolutely immune from state and local criminal investigations while serving as president. However, the decision allowed Trump to pursue other arguments against a wide-ranging subpoena served on the Trump Organization in August 2019.

A federal appeals court rejected those arguments in October 2020, prompting Trump’s lawyers to make another run at the Supreme Court. An agreement with Vance put the subpoena fight on hold while the justices considered Trump’s request for a stay.

The precise contours of Vance’s investigation remain uncertain, but it appears to be centered on allegations from former Trump lawyer Michael Cohen that the firm manipulated real estate valuations in order to maximize collateral for loans and minimize real estate taxes. Cohen also claimed that Trump committed fraud in dealings with insurance companies. Trump and the Trump Organization have denied the allegations.

In one morning, the Supreme Court looked to rid itself of the Trump era

  In one morning, the Supreme Court looked to rid itself of the Trump era Donald Trump took a drubbing at the Supreme Court on Monday, as the justices in a flurry of orders dealt critical blows to his efforts to shield his tax records from a New York prosecutor and his oft-repeated false claims that there was widespread voter fraud during the last election. © Provided by CNN donald trump juicio politico violencia capitolio presidente eeuu gobierno senado aristegui mexico roberto izurieta republicanos democratas_00002909.

The decision is the first breakthrough for investigators in accessing Trump’s financial records after numerous attempts by House Democrats and debates among federal investigators who worked for special counsel Robert Mueller. The House has been pursuing Trump’s financial records from his accounting firm, Mazars USA, as well as a top Trump creditor, Deutsche Bank. But those cases have been tied up in courts for years, with no end in sight.

The House is still weighing whether to seek Trump’s records from Mazars, a fight they launched in April 2019, now that he has left office.

The decision landed as President Joe Biden’s attorney general nominee, Merrick Garland, faced questions from senators at a confirmation hearing. One of the trickiest challenges facing Garland is how to approach matters related to the former president. But Vance’s inquiry is the most developed case against Trump and the gravest legal threat to the ex-president.

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.

usr: 0
This is interesting!