The New York Times reported Monday that the Manhattan district attorney’s office is “investigating President Donald Trump and his company for possible bank and insurance fraud,” calling it a “significantly broader inquiry than the prosecutors have acknowledged in the past.”
According to The Times, “the office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump should have to comply with its subpoena seeking eight years of his personal and corporate tax returns.”
“The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. Lawyers for Mr. Trump have said he did nothing wrong.”
The newspaper also reported that Trump has asked a judge to declare the subpoena invalid.
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The news comes less than a month after the Supreme Court, in a major ruling on the limits of presidential power, cleared the way for Mr. Vance’s prosecutors to seek Mr. Trump’s financial records.
You can read the entire report on The News York Times.
