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Investigation Of Trump’s Finances Is ‘Significantly Escalating’ As Bank Execs Meet With Prosecutors

Ever since it became clear that Joe Biden won the 2020 presidential election, Donald Trump has likely been looking at the calendar each and every day and counting down the hours before he becomes a former president, lacking the immunity from prosecution he currently enjoys.

That immunity is all that matters to Trump now, and it’s why he’s fighting so hard to try and overturn the will of the voters with legal challenges, none of which have or will succeed.

What does Trump need immunity from? Today we learned that Manhattan District Attorney Cyrus Vance Jr. is “significantly escalating” his investigation of Trump’s finances, with the New York Times reporting:

“State prosecutors in Manhattan have interviewed several employees of President Trump’s bank and insurance broker in recent weeks, according to people with knowledge of the matter, significantly escalating an investigation into the president that he is powerless to stop.

“The interviews with people who work for the lender, Deutsche Bank, and the insurance brokerage, Aon, are the latest indication that once Mr. Trump leaves office, he still faces the potential threat of criminal charges that would be beyond the reach of federal pardons.”

Vance has also been busy getting Trump’s tax returns, with the U.S. Supreme Court ruling earlier this year that his office does indeed have a right to see the president’s financial documents to determine if he or his company have broken any laws:

“The investigation by Mr. Vance, a Democrat, has focused on Mr. Trump’s conduct as a private business owner and whether he or employees at his family business, the Trump Organization, committed financial crimes.”

This escalation by Vance is a very big problem for Trump, according to CNN White House reporter John Harwood, who noted Friday during an appearance on the network:

“We don’t know a lot of detail about this, but we’ve gotten outlines of what it may be about from Michael Cohen in his public testimony, in which he has said before Congress that President Trump had a pattern of lying about the value of his assets, inflating them, in order to either get good publicity or impress lenders, but lying on the downside, deflating them for the purpose of avoiding taxes and this appears to be what Cy Vance is investigating.”

Harwood then added something that should be of special concern to Trump because it’s his worst fear:

“This is in addition to the civil investigation that’s underway by the New York Attorney General Letitia James. All of this — again, we do know not if Cy Vance is ultimately going to bring charges — but I think this is one reason why all the talk about Trump potentially running in 2024 has gotten a little ahead of itself.

“Set aside that he is an overweight 74-year-old man. There is also a chance that he could be facing criminal prosecution after he leaves office and it is not beyond the realm of possibility that he could end up in jail.”

Jail is where Donald Trump belongs. And there’s a better than 50-50 chance that’s where he’s going to find himself in the near future.

Here’s the video of John Harwood from CNN:

 

By Andrew Bradford

Proud progressive journalist and political adviser living behind enemy lines in Red America.

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