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The Supreme Court cleared another hurdle on Monday in the Manhattan District Attorney’s long quest for the tax records of former President Donald Trump, dismissing the former president’s latest attempt to protect his financial records from prosecutors.

The court rejected Mr Trump’s request to stay lower court rulings in an unsigned order with no dissent noted, meaning the judges will not hear arguments for the second time in the case. The Supreme Court ruled in July that the summons of the Republican president’s files was constitutional, but their release was delayed by an appeal arguing that the summons was a bad faith abuse due to political animosity.

The order paves the way for a New York grand jury to obtain Mr. Trump’s tax records.

Manhattan District Attorney Cyrus Vance, a Democrat, began investigating Mr. Trump in 2018 and initially targeted the silent payments made during the 2016 Republican campaign to adult movie star Stormy Daniels by the former Trump attorney Michael Cohen. Vance’s office has since indicated in court documents that the investigation has expanded to examine possible crimes as broad as tax evasion and evasion.

Vance released a one-line statement in response to the Supreme Court ruling, saying “The work continues.” His office said in a September court file that it would enforce a previous subpoena issued by Mr. Trump’s accounting firm if the Supreme Court rejected the former president’s request.

The Vance investigation is one of two known criminal investigations focused on Mr. Trump. On February 10, the district attorney for Fulton County, Georgia, launched an investigation into electoral fraud and racketeering over Mr. Trump’s attempts to influence the outcome of the 2020 presidential election in Georgia.

On February 3, Vance’s office was sworn in as Special Assistant Prosecutor Mark Pomerantz, a former federal prosecutor with extensive experience in complex financial and organized crime cases, according to Danny Frost, a spokesperson for the office. Pomerantz is only working on the Trump case.

Documents filed by Vance’s office in Mr. Trump’s appeal indicate that prosecutors are examining large disparities in how Mr. Trump’s company valued properties in his portfolio. For example, prosecutors wrote in September that over the past decade, Mr. Trump’s valuation of the Seven Springs Estate in suburban New York City ranged from $ 25 million to $ 50 million, to between $ 261 million. and $ 291 million.

The subpoenas in the investigation suggest that the investigation is examining the sprawling 200-acre property that straddles wealthy New York City of Bedford, New Castle and North Castle. Ralph Mastromonaco, an engineer who worked on the Seven Springs Estate for Mr. Trump, told CBS News on February 11 that he had recently received subpoenas for his work. Mastromonaco said he quickly complied, returning maps of the 200-acre property and other documents he produced for the Trump organization nearly ten years ago.

Mastromonaco’s subpoena came weeks after Manhattan investigators sent a subpoena to the City of Bedford clerk. The grand jury summons, which was obtained by CBS News, requests documents related to Seven Springs tax assessments and assessments, tax appeals and conservation easements.

Vance’s office did not say why he was interested in the Bedford and Mastromonaco documents.


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