TRUMP FIRM EYED FOR ALLEGED BANK FRAUD: FILING

NEW YORK Manhattan’s district attorney on Monday suggested a grand jury subpoena for U.S. President Donald Trump’s tax returns was part of an investigation of “possibly extensive and protracted criminal conduct at the Trump Organization,” including alleged insurance and bank fraud.

Cyrus Vance raised the scope of the investigation in court papers filed on Monday. He is seeking to dismiss Trump’s latest challenge to a grand jury subpoena for eight years of his personal and corporate tax records.

Grand jury deliberations are secret, and the public may not learn what the subpoena uncovers until after the election.

In a court filing last week, Trump’s lawyers argued the subpoena was “wildly overbroad” and issued in “bad faith.”

But, Vance, pictured, noted on Monday, when the subpoena was issued last August, there were “public allegations of possible criminal activity” at the Trump Organization dating back a decade.