Manhattan District Attorney Cyrus Vance Jr. is making it clear that he’s on the verge of handing down indictments against former President Donald Trump from a grand jury that was impaneled in 2020, and two recent moves made by Vance show that his office is indeed ready to charge Trump and the Trump Organization with financial crimes including insurance and tax fraud.
Earlier this week, Vance’s office announced that it had hired a top-notch prosecutor who specializes in white-collar and organized crime cases to assist with the D.A.’s investigation of Trump and his company:
“Mark Pomerantz, who has a long career as a federal prosecutor and trial attorney, was sworn in on February 3 as an assistant district attorney, Danny Frost, a spokesman for the Manhattan district attorney’s office.
“Pomerantz has joined the team assembled by District Attorney Cyrus Vance to investigate whether the Trump Organization committed insurance and tax fraud, and falsified records.”
And now we learn that Vance’s office has also subpoenaed the New York City Tax Commission, with Reuters reporting:
“The Manhattan District Attorney’s Office has subpoenaed a New York City property tax agency as part of a criminal investigation into Donald Trump’s company, the agency confirmed on Friday, suggesting prosecutors are examining the former president’s efforts to reduce his commercial real-estate taxes for possible evidence of fraud.”
Records from the property tax agency could prove instrumental in determining if Trump overvalued his properties to help him secure large loans and then deflating the value to reduce his tax bills on those same buildings.
In essence, the Trump family is now being investigated like an organized crime entity, i.e. the mafia. And that means that all sorts of laws can be used to track down the source of the operating capital the Trump Organization uses to keep its company afloat at a time when real estate values have crashed across the globe thanks in large part to the COVID-19 pandemic.
Donald Trump no longer has the protection of the White House to keep him from being indicted and charged. That means that Cy Vance and other prosecutors can ramp up their investigations and see where they lead. That’s the worst possible news for the failed, one-term president.