New York Daily News
SUPREMES OK RELEASE OF DON TAXES
After long wait, Cy will get to see Trump’s tax returns for fraud probe as Supremes nix ex-prez appeal
Manhattan District Attorney Cy Vance Jr. will finally get his hands on former President Donald Trump’s tax returns, the Supreme Court ruled Monday.
The long-delayed ruling ends Trump’s fight to block a Vance subpoena seeking eight years of his personal and corporate financial records from before and during his time in the White House for an ongoing criminal investigation into the ex-president.
In a blistering statement, an irate Trump blasted the ruling and described Vance’s inquiry as “the continuation of the greatest political Witch Hunt in the history of our Country ... It just never ends!”
The Supreme Court’s nine justices — three of whom were appointed by Trump — did not say why they denied his appeal, nor did any of them publicly dissent, court filings show.
Manhattan prosecutors were prevented for more than a year from obtaining records from Trump’s longtime accounting firm, Mazars, pending the ex-president’s appeal to the top court.
Vance, who rarely addresses the probe in public, issued a terse statement on Twitter soon after the ruling came down.
“The work continues,” he tweeted.
Banned from Twitter, the oneterm president hours later responded with an unhinged statement in which he repeated the thoroughly debunked claim that President Biden stole the election from him and said the DA’s probe was a politically motivated “fishing expedition” orchestrated by his left-leaning rivals.
“This is something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew Cuomo,” Trump said.
“In the meantime, murders and violent crime are up in New York City by record numbers, and nothing is done about it. Our elected officials don’t care. All they focus on is the persecution of President Donald J. Trump.”
A Manhattan DA spokesman would not comment on the intensifying investigation, but prosecutors have made clear in court filings they intended to enforce the subpoena on the accounting firm immediately.
Portions of the financial records Vance is seeking were obtained last year by The New York Times, which reported that the returns show Trump paid a total of just $1,500 in federal income tax between 2006 and 2017.
Trump reportedly secured the exceptionally low tax rate by claiming enormous business losses, some of which could border on fraud, according to financial
experts. The Times report did not include information from Trump’s 2018 and 2019 tax returns, which Vance’s subpoena covers.
Mark Pomerantz, Vance’s newly minted special prosecutor, recently conducted the Manhattan DA office’s fifth interview of former Trump lawyer Michael Cohen in its investigation of Trump and his namesake business, the Daily News first reported last week.
A veteran white-collar attorney who prosecuted former Gambino crime family boss John A. “Junior” Gotti and other mobsters in the 1990s, Pomerantz was tapped by Vance as a special assistant district attorney on Feb. 3, confirmed Danny Frost, a spokesman for the DA.
Frost declined to comment on specifics about Pomerantz’s role, but a source close to the office said he was hired specifically for the Trump inquiry.
The DA’s probe was initially believed to center around whether Trump broke state laws by ordering Cohen to issue illegal hush payments to women he allegedly had affairs with ahead of the 2016 presidential election, including porn star Stormy Daniels.
But prosecutors expanded their scope to include “extensive and protracted criminal conduct at the Trump Organization,” including potential tax, insurance and bank fraud relating to Trump’s habit of inflating and deflating his assets to suit his financial needs, court documents filed last year show.
Cohen, who served as Trump’s personal fixer for nearly a decade and has cooperated extensively in the Vance investigation, said Monday’s Supreme Court ruling affirms Trump isn’t “above the law.”
“Trump will, for the first time, have to take responsibility for his own dirty deeds,” Cohen said.
Though he was acquitted this month by the Senate of inciting the deadly Jan. 6 attack on the U.S. Capitol, Trump faces myriad legal hazards now that he’s a private citizen.
In addition to Vance’s investigation, a district attorney in Georgia has launched a criminal inquiry into whether Trump broke the law by pressuring officials there to “find” him enough votes to overturn Biden’s election victory in the state.
New York Attorney General Letitia James is also conducting a civil investigation into Trump’s alleged asset inflation and deflation. Parts of James’ probe appear to overlap with Vance’s.