The Trump Organization, a group of some 500 businesses owned by President Donald Trump, has come under “criminal” investigation by the office of New York Attorney General Letitia James, in collaboration with the office of Manhattan District Attorney Cyrus Vance Jr.
James herself announced that her office was no longer pursuing a civil case against the Trump Organization and that the case turned criminal.
The probe of the Trump Organization led by Vance is seeking to find out whether the former President’s company has paid the right amount of taxes, and whether it may have deluded insurers and lenders over the worth of its properties.
James’ office itself has been checking whether the Trump Organization might have inflated its financial statements in order to receive loans and economic and tax benefits.
The compensations of the company employees have also been inspected.
The office of the New York Attorney General stated that it had notified the Trump Organization that the investigation had now been transformed from being purely civil in nature into criminal, considering the company’s potential “criminal capacity.”
The Trump Organization did not release an immediate counter-statement in reaction to the NY AG Letitia James’ announcement.
Vance vs Trump - Round 2
Manhattan Attorney General Cyrus Vance began investigating Trump’s company back in 2018 as a result of a guilty plea by former Trump lawyer and fixer Michael Cohen.
Cohen has pled guilty to violations in campaign finance as he paid off a porn actress claiming to have had a sexual encounter with Trump.
A court ruling recently granted Vance’s office access to eight years of Trump’s personal and business tax returns together with several attachments.
The several million pages of documentation are being investigated by forensic accountants and other analysts.
In their report, the Washington Post notes the strange circumstance of the teaming up of the New York Attorney General and the Manhattan District Attorney, since the partnership between the two was extremely rare.
Back in 2019, a judge ruled that Trump had to pay USD 2 million to settle a lawsuit by James’ officer over allegations that the then President had misused his charity, the Trump Foundation, to aid his 2016 presidential campaign, alongside other alleged illegal activities spanning more than a decade.
In December 2018, the Trump Foundation had agreed to dissolve and donate its existing funds.