The Supreme Court on Monday refused to take steps to block the release of former President Donald Trump’s tax returns from Manhattan prosecutors who are investigating the Trump Organization.
Manhattan District Attorney Cyrus Vance is investigating alleged insurance and bank fraud by Trump’s real estate company and reduced the value of eight years of financial records from Trump’s accounting firm Mazars USA LLP.
Trump’s tax records should not be public as prosecutors investigate
Reacting to the Supreme Court’s decision, Vance’s office said “the work is going on.”
Trump has called the Vance investigation “a continuation of the worst witch hunt in American history.”
The Supreme Court did not provide an explanation for its decision.
Vance had been seeking tax returns and other financial information since 2019, but Trump’s legal team argued that he could not be investigated because he was a chairman at the time. He said that the government has taken several steps to prevent such incidents.
The High Court ruled against him last summer and Trump appealed the verdict, leading the case to be returned to a lower court, which prohibited the release of documents while the case was being considered.
The Supreme Court’s ruling concerned a grand jury Uppo for Trump’s personal and corporate tax records.
Vance argued that public reports of “possibly widespread and prevalent criminal conduct in the Trojan organization” led prosecutors to have access to them.
Vance is reportedly investigating a loan made to Trump’s assets in New York and money to porn star Stormy Daniels and former Playboy pinup Karen McDougall to keep quiet about their affairs with Trump ahead of the 2016 election Withhold payment.
Trump’s lawyers have argued that his tax returns, which he had not released before the presidential race, should not be released publicly and be limited to their use by grand juries whose proceedings are private. .
With post wires