NY Prosecutors a Ramping Up Their Investigation into Trump’s Taxes

The White House from Washington, DC, Public domain, via Wikimedia Commons

Reports say that Manhattan prosecutors are intensifying their investigation into Trump’s businesses. District Attorney Cy Vance Jr. is specifically looking into Trump’s Seven Springs estate in New York.

The investigation into Trump’s property is part of a wider investigation into his tax records.

The Hill reports:

Sources close to the matter told The Wall Street Journal that the Manhattan district attorney’s office has issued new subpoenas in recent weeks to obtain recordings of government meetings related to the Seven Springs estate and the Trump Organization’s unsuccessful attempt to create a luxury subdivision out of the property.

In January it was reported that Manhattan District Attorney Cy Vance Jr. had expanded his probe into the Trump Organization’s business dealings to include the Seven Springs estate. At the time, reports indicated that Vance was looking into whether the value of the property had been inflated in order to increase a tax deduction gained from donating 158 acres of the property for conservation.

Sources told the Journal that the DA’s office had also requested copies of planning board meetings in Bedford, N.Y., which is one of the towns that the Seven Springs estate sits on.

In financial disclosure paperwork when he was president, Trump valued the property between $25 million and $50 million, the Journal reports, while local tax assessment rolls list the property value at around $19 million.

Last month, the Supreme Court rejected Trump’s attempt to block the Manhattan DA’s office from acquiring his tax records. At the time, Trump called it a “continuation of the greatest political witch hunt in history.”


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