Former President Donald Trump's tax records have been turned over to Manhattan District Attorney Cyrus Vance Jr. following the Supreme Court's rejection of the ex-president's last-ditch effort to keep the documents shielded.
A spokesperson for Vance, Danny Frost, confirmed that a subpoena was enforced on Monday against Trump's longtime accounting firm, Mazars USA, hours after the nation's highest court rejected Trump's appeal.
The subpoena demanded Trump's personal and corporate records dating to 2011, including his tax returns. Trump bucked modern precedent by refusing to release his tax returns to the public even as he mounted two campaigns for the presidency.
A spokesperson for the former president did not immediately provide comment Thursday. After the court allowed the transfer, Trump pledged to "fight on" and said Vance was pursuing a "fishing expedition."
The long-running investigation has been closely guarded. Early reports suggested that the DA was looking into hush money payments made on Trump's behalf to women who alleged affairs with the real estate magnate. Trump denied the affairs.
More recent court filings have indicated that Vance may be investigating Trump and his namesake company, The Trump Organization, for possible bank and insurance fraud. Trump has repeatedly rejected allegations of financial impropriety and has accused investigators of having partisan motives.
The fight over Trump's tax documents twice made it to the Supreme Court. Both times, the panel refused to stop lower court rulings siding with Vance. In July, Chief Justice John Roberts wrote an opinion for a 7-2 court rejecting Trump's sweeping argument that he was immune to state-level criminal investigations while in office.
"In our judicial system, 'the public has a right to every man's evidence.' Since the earliest days of the Republic, 'every man' has included the President of the United States," said Roberts, who was appointed to the court by then-President George W. Bush.
After that ruling, Trump's attorneys continued to fight the subpoena on the grounds that it was overly broad and issued in bad faith, but lower courts rejected those claims. In October, Trump's attorneys once again asked the Supreme Court to step in, but the court wrote in a one-line order on Monday that it would not do so.
Vance's possession of Trump's tax records does not guarantee that the public will ever learn what they contain. The records were obtained in connection with a grand jury investigation, and New York state law requires that grand jury proceedings are confidential. It is likely that the only way the public will see the records is if Vance ultimately brings charges and includes portions of the records in charging documents.
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February 25, 2021 at 09:37PM
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Trump tax returns are now in the hands of the Manhattan district attorney - CNBC
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