Prosecutor Seeking Trump’s Taxes Cites Probe Of His Business

NEW YORK — A New York City prosecutor fighting to get President Donald Trump’s tax returns told a judge Monday he was justified in demanding them because of public reports of “extensive and protracted criminal conduct at the Trump Organization.” Manhattan District Attorney Cyrus R. Vance, Jr. is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation related to payoffs to two women to keep them quiet about alleged affairs with Trump. In a court filing Monday, attorneys for Vance, a Democrat, said the president wasn’t entitled to know the exact nature of the grand jury probe, which they called a “complex financial investigation.” They noted, though, that at the time the subpoena for the tax filings was issued to Trump’s accountants, “there were public allegations of possible criminal activity” at the president’s company “dating back over a decade.” They cited several newspaper articles, including one in which the Washington Post examined allegations that Trump had a practice of sending financial statements to potential business partners and banks that inflated the worth of his projects by claiming they were bigger or more potentially lucrative than they actually were. Another article described congressional testimony by Trump’s former lawyer, Michael Cohen, who said the president would overstate the value of his business interests to impress people or lenders, but then deflate the value of assets when trying to reduce his taxes. The attorneys also cited reports of past non-criminal investigations by New York regulators into whether the conduct described by Cohen amounted to bank or insurance fraud. “These reports describe transactions involving individual and corporate actors based in New York County, but whose conduct at times extended beyond New York’s borders.