NY Prosecutors Subpoena Trump Taxes 09/17 06:10
NEW YORK (AP) -- New York City prosecutors have subpoenaed President Donald
Trump's tax returns, a person familiar with the matter told The Associated
Press on Monday.
Manhattan District Attorney's Cyrus Vance Jr.'s office recently sent a
subpoena to Trump's accounting firm seeking the last eight years of state and
federal tax returns for Trump and his company, the Trump Organization, the
The person was not authorized to speak publicly about the matter and spoke
on the condition of anonymity.
Asked about the subpoena as he left the White House on Monday, Trump said:
"I don't know anything about it." A lawyer for the Trump Organization, Marc
Mukasey, said he is "evaluating the situation and will respond as appropriate."
Vance, a Democrat, subpoenaed the Trump Organization last month for records
related to payments Trump's former lawyer, Michael Cohen, helped arrange to a
porn actress who claimed she had an affair with Trump. His office is also
pursuing a state mortgage fraud case against former Trump campaign chairman
Vance's office declined to comment Monday on the tax returns subpoena, the
news of which was first reported by The New York Times .
Trump's accounting firm, Mazars USA, said in a statement that it "will
respect the legal process and fully comply with its legal obligations."
Mazars was subpoenaed earlier this year by a House committee seeking Trump
financial records. The firm said it believes strongly in ethical and
professional rules governing the accounting industry and does not comment on
work it does for clients.
Trump, a Republican, is already fighting efforts by several Democratic-led
Congressional committees to obtain his tax returns and other records that could
give them a window into his finances.
Trump and three of his children filed a lawsuit in April seeking to block
two House committees from getting records that his longtime lender, Deutsche
Bank, has said includes tax returns. A federal appeals court indicated last
month that it would take a hard look at the legality of the subpoenas after
Trump's lawyers argued the House committee subpoenas were overly broad and
In July, Trump sued to block the application of a new state law in New York
that could allow a third House committee to obtain his state tax returns. In
April, he and his company sued the chairman of the House oversight committee to
block a subpoena issued to Mazars seeking financial statements, accounting
records and other documents covering 2011 to 2018.
Meanwhile, New York Attorney General Letitia James is investigating whether
Trump exaggerated his wealth to obtain loans. She issued subpoenas to Deutsche
Bank and Investors Bank in March seeking loan applications and other records
related to Trump real estate projects and his failed 2014 bid to buy the
Vance's investigation appears to be covering some of the same ground as two
Federal prosecutors in New York and Washington, who spent months probing
payments made during the 2016 presidential campaign to two women who said they
had affairs with Trump, Daniels and model Karen McDougal.
Cohen, who made one of the payments himself and arranged for American Media
Inc., the parent company of the National Enquirer, to pay the other, pleaded
guilty to campaign finance violations, tax evasion and other crimes and is
serving a three-year sentence at a federal prison in upstate New York.
A lawyer for Cohen declined to comment on Vance's subpoenas.
Trump, who denies any sexual relationship with either woman, has said any
payments were a personal matter, not a campaign expense.
The U.S. attorney's office in New York informed a court last month that it
was finished investigating the payments. No one besides Cohen was charged,
though prosecutors said in public court filings that Trump himself was aware of
and directed the payments.
The Trump Organization also reimbursed Cohen for money he paid to Daniels.
Cohen has argued that organization officials disguised the true nature of the
payments and that it is unfair he is the only one prosecuted.
The federal inquiry looked at whether campaign finance laws were broken.
The New York Times reported, citing "people briefed on the matter," that
Vance's inquiry involves an examination of whether anyone at the Trump
Organization falsified business records by falsely listing the reimbursements
to Cohen as a legal expense.
Falsifying business records can be a crime under state law.