The U.S. Supreme Court rejected a bid by Donald Trump to keep eight years of his tax returns and other financial records out of the hands of a Manhattan prosecutor conducting a criminal investigation into the former president and his company, the Trump Organization Inc.
The justices without explanation or any published dissent refused to block a subpoena to Trump’s accounting firm by Manhattan District Attorney Cyrus Vance Jr., whose investigation looms as one of the biggest legal threats to Trump. In August, prosecutors suggested in court papers they may be looking into tax fraud, insurance fraud, and falsification of business records charges.
The high court had deferred acting in the case for four months, waiting until Trump again became a private citizen to take a step that could boost a probe that initially focused on hush-money payments to adult-film star Stormy Daniels and another woman who claimed to have sexual relationships with Trump years before he became president. Vance’s investigators have already gotten hold of some of the tax records from other sources, according to people familiar with the matter.
But with Monday’s order, Manhattan prosecutors can now dive into a trove of Trump’s tax records. This wealth of new material will allow investigators to compare statements made by the Trump Organization to the Internal Revenue Service with claims made to banks, insurers and other parties.
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