Tag: Trump financial records

Supreme Court says Manhattan prosecutor may pursue Trump’s financial records, denies Congress access for now

Washington Post logoThe Supreme Court on Thursday rejected President Trump’s bold claims of immunity from local law enforcement and congressional investigators, delivering a nuanced and likely landmark lesson on the separation of powers and limits of presidential authority.

In one of two lopsided 7-to-2 rulings, Chief Justice John G. Roberts Jr. rejected Trump’s argument that he did not have to comply with a subpoena from Manhattan District Attorney Cyrus R. Vance Jr., and said Vance had authority to pursue the president’s personal and business financial records.

In the other, the court said the restrictions the president proposed on congressional demands for private, nonprivileged information “risk seriously impeding Congress in carrying out its responsibilities.” Continue reading.

Supreme Court says Manhattan prosecutors can obtain Trump’s financial records

Axios logoThe Supreme Court on Thursday kept the fight over President Trump’s financial records alive, all but ensuring that those records won’t be made public before the election.

The big picture: The court ruled that presidents are not immune from investigation, denying Trump the sweeping grant of presidential power he had asked for. But the legal wrangling over Trump’s records, specifically, will continue — and they may end up in the hands of Manhattan prosecutors.

Driving the news: In a pair of 7-2 rulings, the court ruled that Manhattan prosecutor Cy Vance has the legal right to subpoena records from Trump’s financial institutions, while rejecting, at least for now, the House’s effort to subpoena similar records. Continue reading.

Judge delivers second blow to Trump over financial records

A federal judge in New York on Wednesday ruled that Deutsche Bank and Capital One may provide President Trump‘s financial records to House Democratic lawmakers after the administration attempted to block the move.

U.S. District Judge Edgardo Ramos, an Obama appointee, made the ruling in a New York courthouse Wednesday afternoon after hearing arguments from both parties in the case.

The ruling is the second setback for the president this week in his fight to stop lawmakers from gaining access to his financial records as part of their sweeping probes into him, his administration, his private businesses and his family.

View the complete May 22 article by Jacqueline Thomsen on The Hill website here.

Trump Threatens Accountants Over Release Of His Financial Records

Trump’s accounting firm is poised to hand over 10 years of his financial records to Congress — and Trump is desperate to keep that from happening.

Politico reported Monday that two of Trump’s lawyers have essentially threatened to sue the firm, Mazars USA, if it decides to comply with a subpoena from House Oversight Chairman Elijah Cummings requesting 10 years’ worth of audits and other financial information on the Trump Organization and other entities.

Those records could prove that Trump committed fraud by lying about his net worth to banks and insurance companies — as Trump’s former personal lawyer and fixer, Michael Cohen, testified under oath that Trump had done.

View the complete April 15 article by Emily Crockett on the National Memo website here.