And the prosecutors have thus far been unable to convince Mr. Trump’s long-serving chief financial officer to cooperate with the investigation, depriving them of the type of insider witness whose testimony can be crucial to complicated white collar criminal cases.
Understand the New York A.G.’s Trump Inquiry
An empire under scrutiny. The New York State attorney general is currently conducting a civil investigation into former president Donald Trump’s business practices. Here’s what to know:
The origins of the inquiry. The investigation started after Michael D. Cohen, Mr. Trump’s former personal lawyer and fixer, testified to Congress that Mr. Trump and his employees had manipulated his net worth to suit his interests.
The potential impact. Because the investigation is civil, the attorney general cannot file criminal charges and would have to sue Mr. Trump. Ms. James could seek financial penalties and try to shut down certain aspects of Mr. Trump’s business.
Mr. Trump’s lawsuit. In December Mr. Trump sued Letitia James, the New York attorney general, seeking to halt the inquiry. The suit argues that the attorney general’s involvement in the inquiry is politically motivated.
Mr. Trump’s lenders might also not make for sympathetic victims with a jury. The lenders, which made millions of dollars in interest from Mr. Trump, conducted their own assessments of his assets.
Despite the challenges, the prosecutors had been moving forward.
In the fall, Mr. Vance convened what is known as a special grand jury, a panel of 23 Manhattan residents, chosen at random, to hear complex cases like the one involving Mr. Trump. Over the course of months, the jurors were expected to meet in secret to hear testimony from witnesses and examine other evidence put forward by the prosecutors.
Special grand juries last six months, and at the end of these presentations, prosecutors typically direct the jurors to vote on whether there is “reasonable cause” to believe that the person could be guilty. While it is not a foregone conclusion that a grand jury will indict the target of an investigation, such panels routinely vote to bring the charges that prosecutors seek.
Late last year, the grand jury heard testimony from Mr. Trump’s accountant at Mazars about Mr. Trump’s annual financial statements, The Times previously reported. Soon after, the prosecutors questioned two editors for Forbes Magazine, which has estimated Mr. Trump’s net worth over the years for its billionaires list.
The accountant testified again last month, people with knowledge of the appearance said.
A day later, the prosecutors questioned a real estate expert who specializes in property valuation, according to people with knowledge of that appearance. The witness works for the consulting firm FTI, which the district attorney’s office hired in 2020 to help analyze Mr. Trump’s financial documents.
Source Article from https://www.nytimes.com/2022/02/23/nyregion/trump-ny-fraud-investigation.html
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