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Donald Trump

New York Prosecutor Has Obtained ‘Millions’ Of Donald Trump’s Financial Records

Manhattan District Attorney Cyrus Vance, Jr. is now in possession of “millions” of former President Donald Trump’s financial records, according to CNN, and that could be exactly what the DA’s office needs to make a criminal case against Trump, members of his family, and the Trump Organization.

CNN White House corresponded Kaitlan Collins reported that Vance has hit the motherlode when it comes to Trump’s financial documents:

CNN correspondent Shimon Prokupecz confirmed what Collins had tweeted:

Can you imagine what might be contained in those millions of pages? Safe to bet that a lot of the financial forms could contain evidence of illegal actions (i.e tax fraud and money laundering) that would prove essential to any prosecution of the former president or those associated with his business dealings.

Don’t be surprised if indictments are handed down from Manhattan within the next couple of weeks. And the minute they are, Donald Trump will start whining and possibly looking for a way to leave the country and seek exile elsewhere. But that won’t be too easy for a person as well-known as he is.

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Donald Trump

Former Federal Prosecutor: Trump Will Be Indicted On Tax Charges In ‘A Matter Of Weeks’

It’s widely believed that Manhattan District Attorney Cyrus Vance, Jr. now has eight years of Donald Trump’s taxes and that prosecutors in his office are poring over them at this very moment, filling in the blanks of information they’ve needed in order to formally indict the former president, his company, and even members of his family.

Those returns, according to former federal prosecutor Jennifer Rodgers, are the final piece of the puzzle for Vance, and all but guarantee the former president will be indicted by a Manhattan grand jury within “a matter of weeks.”

In an article she wrote for CNN, Rogers explains her reasoning and why she expects the Manhattan DA is about to make his move:

“Former president Trump reportedly has been quite worried about a possible prosecution for his role in the January 6 insurrection. I suspect, given the vitriolic statement Trump issued Monday about losing the tax returns subpoena — it was a ‘fishing expedition’ he said, and he was being ‘persecuted’– that he is very worried about the Vance investigation as well.

“He should be. It has taken many months of legal wrangling for Vance’s subpoena to be honored; it may be just a matter of weeks before he is in a position to make charging decisions.”

Rodgers also theorizes that Vance’s case is about much more than just payments Trump had his former attorney, Michael Cohen, make to Stormy Daniels, who claims she had an affair with the former president and was given hush money to remain silent:

“Manhattan investigators are likely focused on bank loans, insurance applications and other kinds of financial transactions related to Trump-owned properties to determine whether he or his companies violated any state laws. They are reportedly looking at the conduct of the former president, as well as the Trump Organization and certain of its other top executives.”

Don’t be surprised if you turn on CNN or MSNBC in the days ahead and see that Donald Trump has indeed been indicted on numerous counts of fraud and racketeering. This is about to get very bad for the Donald in very short order.

 

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Donald Trump

Manhattan District Attorney Is Getting More Than Just Trump’s Tax Returns: Report

Now that the Supreme Court has made it clear that Donald Trump can no longer avoid handing over eight years of his tax returns to Manhattan District Attorney Cyrus Vance Jr., many people are wondering what might be contained in those documents. But it turns out the tax returns are only the tip of the iceberg when it comes to what Vance will be getting.

Andrew Weissmann, the former senior prosecutor for Special Counsel Robert Mueller, noted on MSNBC that there are lots of other goodies that Vance is about to have in his possession, and those could wind up being what sends Trump to prison for a long time:

“It will be the taxes and all accounting records. It will be whatever the Mazars have, which should be a wealth of information, internal emails, communications with the Trump Organization, accounting spreadsheets, all sorts of notations as to how they’re valuing things. And mechanically what happens is the Manhattan D.A.’s office calls up and says, ‘Okay, now that this has been decided, you need to turn them over by X date.’”

Mazars is a reference to Mazars USA, the accounting firm that has prepared Trump’s taxes for many years. And the Associated Press reports that Mazars has lots of potentially damaging information:

“The Mazars subpoena also sought engagement agreements that define the accountants’ role in creating the tax returns and financial statements; source documents providing the accountants with raw financial data; and work papers and communications between the firm and Trump representatives. Those would include communications showing how the raw data was analyzed and treated in the preparation of the records.

“That could give state prosecutors an ‘open book’ into Trump’s finances, said Adam D. Citron, a former state prosecutor and partner at Davidoff Hutcher & Citron. ‘It’s really the kitchen sink.'”

That “kitchen sink,” Weissmann told MSNBC host Nicolle Wallace, will be especially useful to the Manhattan DA:

“The Mazars can hardly say we haven’t had any notice. They have to have this all ready to go. And they literally can either send over a hard drive, or they can just sometimes press a button, and it, you know, millions of pages get produced to the Manhattan District Attorney’s office. And I have been in that position, and you basically spend a lot of nights dividing things up and reviewing things because this is really, could be the actual key to whether you can or cannot make a case.”

The case is being made, as Vance himself made reference to when he sent out this tweet on Monday:

The work continues. That’s got to be a terrifying prospect for Donald Trump.

Here’s Andrew Weissmann on MSNBC:

 

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Donald Trump Supreme Court

Michael Cohen Says SCOTUS Ruling On Trump’s Taxes Means The Donald Is Going To Prison

On Monday, the U.S. Supreme Court made it clear that former President Donald Trump can no longer keep eight years of his tax returns hidden from Manhattan District Attorney Cyrus Vance, Jr., ruling without dissent that Trump does indeed have to hand over his taxes to the grand jury currently considering whether or not the Trump and the Trump Organization committed years of tax and insurance fraud:

The Washington Post noted that the ruling from the justices is the end of the line for Trump when it comes to any further appeals:

“The Supreme Court on Monday rejected former president Donald Trump’s last-chance effort to keep his private financial records from the Manhattan district attorney, ending a long and drawn-out legal battle.

“After a four-month delay, the court denied Trump’s motion in a one-sentence order with no recorded dissents.

“District Attorney Cyrus R. Vance Jr. has won every stage of the legal fight — including the first round at the Supreme Court — but has yet to receive the records he says are necessary for a grand jury investigation into whether the president’s companies violated state law.”

One person who has indeed seen Trump’s tax returns is his former attorney and “fixer,” Michael Cohen, who was asked about the SCOTUS ruling on MSNBC Monday afternoon. He told host Katy Tur:

 “One thing you will see is that that’s not the only documents that Cyrus Vance is looking for. Recently, he subpoenaed from the New York Department of Taxation for real estate properties that are owned by Trump, and he will compare those, obviously, to the tax returns, you know it is one thing that I can turn around and tell you he should start maybe speaking to someone about getting a custom made jumpsuit, it does not look good for him, that’s my prediction.”

Later in the segment, Tur asked Cohen what she thought the state of Trump’s mind is these days. He replied:

“He is extremely agitated from what I understand, simply because of the Supreme Court, who he thinks that he placed enough members on the Supreme Court, that they should have ruled in his favor. Then again, of course, being disloyal to him, so he is angry about that as well. He has a lot of anger issues going on right now as a result of the Supreme Court decision.”

Donald Trump is now out of appeals and any chance of saving his ass. Prosecutors are moving on him from multiple directions and he no longer has any protection from being charged. And he won’t be getting a custom made jumpsuit, either. That will be provided by the state.

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Donald Trump Taxation Uncategorized

IRS May Try To Claw Back $72 Million Tax Refund Donald Trump Received

While it’s almost a foregone conclusion that not enough Republican senators will agree to find former President Donald Trump guilty of inciting an insurrection, there are other forces at work that could soon bring Trump and his company low.

For example, the Washington Post reports that Trump received a tax refund in 2010 for the astounding amount of $72.9 million, and the Internal Revenue Service (IRS) could well seek to recoup that refund, which would likely be financially devastating for the former president:

“One is a massive income tax refund Trump received before entering office, according to the New York Times, one that has quietly been under a years-long review by the Internal Revenue Service and a little-known congressional panel, the Joint Committee on Taxation.

“The refund, which the IRS issued to Trump in 2010 for $72.9 million, according to the Times, could be a nonissue for Trump if the agency rules that it was issued appropriately and he should keep the funds.

“But if the agency rules against him, he could be asked to pay it back with interest, handing him a debt of more than $100 million at a time when some of his biggest properties are suffering severe revenue losses and the law firm that handled his tax issues cut ties with him following the attack on the U.S. Capitol.”

Just imagine an already cash-strapped Donald Trump having to fork over almost $73 million or face liens being attached to his properties and bank accounts, which the IRS can easily do if they choose to.

That’s not the only tax-related issue that may wind up costing Trump economically and legally, according to the Post, which notes that his tax returns may soon be in the hands of congressional Democrats:

“Leading House Democrats are still pursuing a lawsuit seeking six years of Trump’s returns. On Feb. 3, a federal judge gave officials in the Biden administration until March 3 to decide whether it plans to comply.

“No decision has been scheduled for either issue, but experts say legal and administrative authorities are more likely to address Trump’s tax issues now that he is a private citizen, even as Biden administration officials debate how much to hold Trump accountable for past actions while also trying to move the country forward.”

Michael Cohen, Trump’s former attorney, has said on several occasions that his ex-client’s biggest fear is that his tax returns will be examined by tax experts, telling the House Committee on Oversight and Reform in February of 2019:

“What he didn’t want, was to have an entire group of think tanks that are tax experts run through his tax return and start ripping it to pieces, and then he’ll end up in an audit and he’ll ultimately have taxable consequences, penalties and so on.”

Exactly. Donald Trump’s biggest crimes are contained in his taxes. And in what may wind up being the biggest irony of them all, Trump’s taxes may serve to leave him destitute and also send him to prison.