The Manhattan district attorney has suggested that President Donald Trump and his businesses could be investigated for criminal tax fraud, according to a new court filing on Monday.
The filing is the latest argument made by New York County District Attorney Cyrus Vance Jr. in his fight to enforce a subpoena to gain access to eight years of Trump’s tax returns and financial documents as part of a criminal grand jury probe.
Vance’s legal team had previously suggested to the court that the prosecutor’s subpoena is part of an investigation into “possibly extensive and protracted criminal conduct at the Trump Organization,” which could include bank and insurance fraud, but Monday’s filing is the first time the district attorney had suggested that his probe may include potential tax crimes.
The Manhattan DA argued that the numerous media reports detail allegations about financial misconduct by Trump and his businesses and that these reports are more than enough to uphold the subpoena.
They said that if misstatements about business properties were communicated from the Trump organization to its business partners, insurers, potential lenders, or tax authorities, then those misstatements could possibly establish a violation of state laws such as a scheme to defraud, falsification of business records, insurance fraud, and criminal tax fraud, according to the filing.
Prior to the recent court filings, it was widely believed that Vance was investigating hush money paid to two women during the 2016 presidential campaign: adult film performer Stormy Daniels and former Playboy model Karen McDougal. But the filings by Vance’s team suggest that the scope of the Manhattan DA’s probe might be broader than what was previously known.
The president has been fighting Vance’s subpoena since 2019. The case went to the Supreme Court after lower courts denied Trump’s request for relief from the subpoena.
The Supreme Court ruled that Trump was not absolutely immune from state criminal processes but also opened the door for him to challenge Vance’s subpoena on other grounds.