New York prosecutors probing Trump form grand jury: US media

Cheryl Sanders
May 26, 2021

A grand jury has been convened by NY prosecutors to review evidence from a two year investigation into former President Donald Trump's business dealings and weigh whether to indict him, according to multiple reports. It also will hear other matters during that time, according to the Post.

Daniel R. Alonso, a former top deputy to Vance who is now a white-collar defense lawyer, said convening a special grand jury typically means that "it's highly likely they're going to be presenting charges against someone".

Trump called it "a continuation of the greatest Witch Hunt in American history" and said, "They wasted two years and $48 million in taxpayer dollars on Mueller and Russia Russia Russia, Impeachment Hoax #1, Impeachment Hoax #2, and it continues to this day, with illegally leaked confidential information".

The decision to convene a grand jury appears to indicate that the Manhattan District Attorney Cyrus Vance hopes to move towards bringing charges as a result of his two-year investigation.

Prosecutors are zeroing in on Trump's business dealing before the 2016 election, focusing on whether the Trump Organization manipulated property values to defraud banks and insurance companies.

Vance has twice fought all the way to the U.S. Supreme Court to gain access to eight years' worth of Trump's personal and business tax returns.

"This is purely political, and an affront to the nearly 75 million voters who supported me in the Presidential Election, and it's being driven by highly partisan Democrat prosecutors".

Investigators suspect the Trump Organization may have artificially inflated and reduced the value of assets, particularly several properties in NY state, to either get bank loans or reduce their taxes.

Cohen also alleged in testimony before Congress that the Trump Organization sometimes lied about its financial condition to evade taxes or obtain favorable loan terms.

According to several media, Vance's team has been looking closely at the Trump Organization's long-serving chief financial officer, Allen Weisselberg, one of the family's most loyal servants.

Other reports by iNewsToday