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Prosecutors have obtained Tax records of Former President Donald Trump just hours after the US Supreme Court denied Trumps last-ditch effort to keep the records private, a spokesperson for the District Attorney said

Sources say the millions of pages of documents, contain Trump’s tax returns spanning from January 2011 to August 2019, as well as financial statements, engagement agreements, documents relating to the preparation and review of tax returns, and work papers and communications related to the tax returns.

Though the documents handed off from Trump’s longtime accounting firm Mazars won’t be released to the public because they’re subject to grand jury secrecy rules, their delivery caps off an extraordinary 17-month quest by the former President and his lawyers to block investigators from obtaining the records.

Investigations are currently ongoing by the New York District Attorney, Cy Vance to determine whether Trump and the Trump Organization engaged in tax fraud, insurance fraud, and other schemes to defraud, including potentially providing false information to financial institutions or banks about the value of certain buildings and assets.

“Our office obtained the records on Monday,” said Vance spokesman Danny Frost.

The records may be vital to the investigation because they are likely to contain documents that reflect the decision-making behind valuations and tax write-offs, which may be important to determine whether there was intent to commit a crime. The investigators have wanted to review the documents before calling key witnesses before the grand jury, people familiar with the inquiry said.

The District Attorney’s office, in addition to records from Mazars has been seeking a slew of other documents. They subpoenaed records and interviewed employees at Deutsche Bank, one of Trump’s creditors, about loans given to him, and insurance broker Aon, according to multiple sources familiar with the investigation. Deutsche Bank has loaned Trump more than $300 million.

Others to be subpoenaed by the prosecution include Ladder Capital, which has loaned the Trump Organization over $100 million, and the Trump Organization for records relating to fees paid to consultants, including Ivanka Trump, these people said

 

Credit: CNN