Trump Under Investigation for Bank and Insurance Fraud

by Mike ‘Mish’ Shedlock
The Street

The Manhattan district attorney made the disclosure in a new court filing involving Trump’s tax returns.

Cyrus R. Vance Jr., Manhattan D.A. is Investigating Trump and His Company Over Fraud

The Manhattan district attorney’s office suggested on Monday that it had been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past.

In the new filing, the prosecutors did not explicitly identify the matters under scrutiny in the grand jury inquiry, which by law is conducted in secret. But they said that “undisputed” assertions in earlier court papers and several news reports about Mr. Trump’s business practices showed that the office had a wide legal basis for the subpoena.

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