USA, investigation into fraud on Trump's company

2020-08-03T19:10:17.423Z

The Manhattan Public Prosecutor's Office has opened an investigation into the President of the United States Donald Trump and his company for possible banking and insurance fraud: this is, according to the New York Times who gave the exclusive news, an investigation significantly more broader than what prosecutors have already conducted in the past. The office of the district attorney, Cyrus R. Vance Jr., a well-known Democrat, has asked to be able to examine the tax returns of Donald Trump and the company relating to the last 8 years. Trump asked a judge to declare the summons null. According to evidence held by the investigators, Trump illegally inflated the net worth and the value of his properties with lenders and insurers, a circumstance already strongly denied by Trump's lawyers. The confrontation for the subpoena comes less than a month after the Supreme Court, in a ruling on the limits of presidential power, gave the go-ahead to the Prosecutor's office in consulting President Trump's financial documents.