(AmericanPoliticalDaily.com)- The district attorney in Manhattan has filed a federal lawsuit over President Donald Trump’s tax returns. It could signal that the prosecutor’s office is investigating the president and his company for insurance and bank fraud.
In the filing, District Attorney Cyrus Vance Jr. says accountants for Trump have to comply with a subpoena to turn over personal and corporate tax returns for eight years. He cited “undisputed” news reports from 2019 regarding the president’s business practices.
The filing didn’t give any details about Vance’s investigation and what it is looking for. The reports that the district attorney cites, though, claimed the president could have inflated his net worth as well as the value of properties he owns when he was applying for loans and insurance.
To date, attorneys for Trump have denied these allegations, saying the president and his company didn’t do anything that was against the law.
In the filing, the prosecutor’s office wrote:
“These reports describe transactions involving individual and corporate actors based in New York County, but whose conduct at times extended beyond New York’s borders.
“At the time the Mazars Subpoena was issued, there were public allegations of possible criminal activity at Plaintiff’s New York County-based Trump Organization dating back over a decade.”
In the filing, the Manhattan district attorney wants to obtain records from the president’s accounting firm, called the Mazars USA. They are doing so as part of a criminal investigation involving payments in that were supposedly hush money for two different women who claimed to have sexual affairs with the president.
Mazars USA said it would comply with the order to turn over the records.
In the past, the Department of Justice as well as the president’s legal team have said Trump is immune from being investigated while he is sitting in office. But those arguments didn’t hold up in court.
The Supreme Court issued an overwhelming 7-2 decision in two cases that rejected Trump’s claim of presidential immunity in this case. Along with Chief Justice John Roberts, two other conservative justices sided with the liberal justices. They were Brett Kavanaugh and Neil Gorsuch, both of whom were nominated by Trump.
In the decision, Roberts wrote:
“In our system, the public has a right to every man’s evidence,” and “since the founding of the Republic, every man has included the President of the United States.”
Following that decision, Vance issued a statement that called it “a tremendous victory for our nation’s system of justice and its founding principle that no one — not even the president — is above the law.”
Trump was not so happy with the ruling. He tweeted:
“The Supreme Court sends case back to Lower Court, arguments to continue. This is all a political prosecution. I won the Mueller Witch Hunt, and others, and now I have to keep fighting in a politically corrupt New York. Not fair to this Presidency or Administration!”
The Supreme Court’s decisions simply followed other presidential claims for immunity, though. Richard Nixon lost his claim in 1974 in his fight against handing over tape recordings about a criminal investigation. In 1997, Bill Clinton lost his push, with the Supreme Court saying he wasn’t immune from a civil sexual harassment lawsuit.