The NY Times piece reports that the Vance DA’s office is zeroing in possible illegal valuations of Donald Trump properties. run by the Trump Organiztion…
Vance is retiring at the end of December and new DA will handle the case …
It is unknown how long the Grand Juries on the case will be sitting…
This Laos draws the question of who, if any is going after Trump for taxes owned to New York City, New York State and the IRS?
There is a New York Attorney General probe along the same lines as the DA’s case…
And somewhere back there was that IRS audit on him getting a $75 million refund…
And chan ge in property values would also generate new tax liabilities for Trump one would think….
Mr. Trump and his company have denied wrongdoing, calling the inquiry a politically motivated witch hunt by Mr. Vance, a Democrat. His prosecutors are working with the office of the New York State attorney general, Letitia James, also a Democrat, who is running for governor and has been a vocal critic of Mr. Trump.
The investigation is playing out as Mr. Trump continues to wield enormous influence over the Republican Party and flirts with another presidential run in 2024. It has yet to hamper his political standing and could even energize his base, though the inquiry could also serve as a costly distraction.
It is unclear whether any new charges will be brought, but if they are, it could be difficult to prove that Mr. Trump or his company defrauded their lenders. One challenge is that the lenders are sophisticated financial institutions that most likely conducted their own assessments of Mr. Trump’s property values without relying entirely on him….
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This summer, the prosecutors diverged from that focus on valuations when they indicted the Trump Organization and its long-serving chief financial officer, Allen H. Weisselberg, for unrelated tax crimes involving a scheme to pay off-the-books luxury perks to certain executives….
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Mr. Vance, who did not seek re-election for a fourth term this year, originally signaled that he wanted to decide whether to charge Mr. Trump before departing.
But he is running out of time.
He leaves office at the end of this year, and it might take prosecutors months to present a complex financial case like this one to a grand jury should they decide charges are warranted.
And so, after more than three years of investigating Mr. Trump in fits and starts, Mr. Vance may have to hand over the culmination of the case to his successor, Alvin Bragg.
In his first weeks in office, Mr. Bragg would face a monumental decision: whether to seek an indictment against a former American president.
Mr. Bragg, a former federal prosecutor who will be the first Black person to hold the office, campaigned in part on his aggressive record toward Mr. Trump, frequently mentioning the many times he had sued the Trump administration while serving in the stateattorney general’s office….
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Mr. Vance is one of three district attorneys investigating Mr. Trump or his company. Mr. Trump’s attempts to overturn Georgia’s election results last year are the subject of a criminal investigationin Atlanta. And the district attorney in suburban Westchester County, outside of New York City, has begun to examine financial dealings at a golf club Mr. Trump owns there
CNNs legal analyst says the tax case is going nowhere.
This things been going on along time and so far?A lot more speculation than answers.