State prosecutors in New York are using Michael Cohen’s congressional testimony to guide them as they investigate whether President Donald Trump committed a variety of financial crimes as he built his vast real-estate empire. The Washington Post on Thursday published a lengthy look at how Trump went about inflating and deflating the value of his assets for insurance and tax purposes. After Cohen testified to Congress, New York authorities and congressional investigators sent subpoenas and document requests to Trump’s insurance provider, financial institutions, and more. Meanwhile, federal prosecutors in the New York City boroughs of Manhattan and Brooklyn are known to be investigating Trump’s business dealings before the election and his inaugural committee, respectively. New York law is known to be tough on financial crime, and experts say the state – not the Russia investigation – poses the greatest legal threat to Trump’s businesses and … [Read more...] about Trump said investigating his finances would be a ‘red line.’ New York prosecutors are about to cross it.
New york tax attorney
Michael R. Sisak Associated Press Published 7:41 PM EDT Mar 12, 2019 New York – New York’s attorney general has opened a civil investigation into President Donald Trump’s business dealings, acting after his former personal lawyer and fixer told Congress that he exaggerated his wealth to obtain loans. Trump tweeted an apparent response Tuesday night, decrying his home state and its governor as “PRESIDENTIAL HARASSERS.” Attorney General Letitia James issued subpoenas Monday to Deutsche Bank and Investors Bank seeking records related to four Trump real estate projects and his failed 2014 bid to buy the NFL’s Buffalo Bills, according to a person familiar with the inquiry. The person wasn’t authorized to discuss the matter publicly and spoke on condition of anonymity. The New York Times first reported the subpoenas. Trump’s former lawyer, Michael Cohen, told Congress in late February that Trump exaggerated his wealth on financial … [Read more...] about As New York probes business deals, Trump cries ‘HARASSERS’
New York state prosecutors are reportedly preparing a criminal case against Paul Manafort in case President Donald Trump pardons him for federal crimes. The revelation comes after a federal judge voided Manafort’s plea deal with the special counsel Robert Mueller upon finding that he lied to prosecutors after agreeing to cooperate with them. Manafort’s decision to lie flummoxed legal scholars, who said he had a good chance at getting a reduced prison sentence if he cooperated fully. Many said the only reason they could see for Manafort to lie was that he was angling for a presidential pardon. After Bloomberg News reported on New York state prosecutors’ reported contingency plans on Friday, a former senior Justice Department official told INSIDER, “Manafort may be rethinking his decision to violate his plea deal right about now.” State prosecutors in New York are preparing a criminal case against Paul Manafort, the former chairman of President … [Read more...] about New York state prosecutors are reportedly putting together a criminal case against Manafort in the event Trump pardons him
President Donald Trump has badmouthed his hometown newspaper’s reporting as “sick,” “weak,” and “nasty.” He even tells its reporters they work for the “failing New York Times.” But in moments of reflection, he’s allowed that it’s a “great, great American jewel.” The Grey Lady has long occupied space in Trump’s head — and, in happier times, his heart.Story Continued Below “A paper I once loved,” Trump wistfully recalled at a news conference last week. So, when the Times published its latest Trump exposé Tuesday evening detailing how the president’s mythology of becoming a self-made businessman appears to be the product of elaborate Trump family tax evasion schemes — and even outright fraud — it hit the White House like a thunderclap. One administration official said the president viewed the report as not only part of the newspaper’s animus toward him, but … [Read more...] about New exposé raises stakes in Trump’s love-hate affair with New York Times
The New York Times released an extensive investigation focused on President Donald Trump’s fortune on Tuesday. The Times reported that the president and his family engaged in “instances of outright fraud” to enhance their wealth. The story also runs counter to Trump’s narrative that he is a self-made billionaire. The New York Times reported in an extensive investigation published Tuesday that President Donald Trump engaged in what it described as “dubious tax schemes” in the 1990s that even included “instances of outright fraud” that enhanced the fortune his parents – mainly his father, Fred – passed on to him. What The Times reported runs counter to Trump’s personal narrative, which he has repeated for decades: that he is a self-made billionaire who built his own empire. While The Times was not able to review Trump’s personal tax returns – which he has refused to release, breaking with decades of … [Read more...] about New York Times report says Trump engaged in ‘outright fraud’ to avoid taxes as he inherited father’s wealth — worth more than $400 million in today’s dollars