Jacquelyn Martin/AP
- State prosecutors in New York are using Michael Cohen's congressional testimony to guide them as they investigate whether President Donald Trump committed a variety of financial crimes as he built his vast real-estate empire.
- The Washington Post on Thursday published a lengthy look at how Trump went about inflating and deflating the value of his assets for insurance and tax purposes.
- After Cohen testified to Congress, New York authorities and congressional investigators sent subpoenas and document requests to Trump's insurance provider, financial institutions, and more.
- Meanwhile, federal prosecutors in the New York City boroughs of Manhattan and Brooklyn are known to be investigating Trump's business dealings before the election and his inaugural committee, respectively.
- New York law is known to be tough on financial crime, and experts say the state — not the Russia investigation — poses the greatest legal threat to Trump's businesses and his presidency.
New York state prosecutors are using Michael Cohen's testimony to the House Oversight Committee to point them in the right direction as they investigate President Donald Trump's sprawling real-estate empire, business dealings, and finances.
Cohen, Trump's former longtime lawyer and fixer, appeared before the committee in an open hearing last month, where he called the president a "cheat" and a "con man," and said he was involved in wrongdoing or criminal conduct.
See the rest of the story at Business Insider
See Also:
- Stacey Abrams pushes back on rumors about hopping on a 2020 ticket with Joe Biden: 'I think you don't run for second place'
- Barbara Bush, matriarch of a GOP political dynasty, said she was no longer a Republican in the Trump era
- Prosecutors left a trail of breadcrumbs about Trump's finances, and House Democrats are now digging deeper
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