Thursday, August 20, 2020

Judge Throws Out Trump Effort to Block Subpoena for Tax Returns and Business Records


TheHill.com

A Federal Judge in New York, on Thursday August 20th, Dismissed President Trump’s latest effort to Stymie a New York Grand Jury Subpoena for his Tax Returns and a Trove of other Financial Documents.

The Ruling by District Judge, Victor Marrero, relied heavily on the Supreme Court’s Landmark Decision last month that Rejected Trump’s Claim that Presidents Enjoy Absolute Immunity from Criminal Probes.

“That notion, applied as so robustly proclaimed by the president’s advocates, is as unprecedented and far-reaching as it is perilous to the rule of law and other bedrock constitutional principles on which this country was founded and by which it continues to be governed,” Marrero wrote.

The Decision moves Manhattan Prosecutors closer to obtaining Trump’s Tax Returns and business Records, though it’s Unlikely the Public will see them before the November Election, according to Legal Experts.

The Dispute over Access to Eight years of Trump’s Financial Documents, including his Personal and Corporate Tax Returns and Business Records, arose after Cyrus Vance Jr. (D), the District Attorney for Manhattan, obtained a Grand Jury Subpoena from Trump’s Accounting Firm, Mazars USA.

Vance's Office is Looking into Payments made to Silence Two Women who Allege they had Affairs with Trump, including Adult-Film Star Stormy Daniels, Before he became President. Additionally, Vance’s Office, earlier this month, that its Subpoena is part of an Investigation into "possibly extensive and protracted criminal conduct at the Trump Organization," including Potential Fraud Allegations that the Organization and Trump personally, Inflated the Value of their Properties to get Business Loans, but Deflated their Value to Reduce the Business and Trump's New York's Property Tax.

In response to Thursday’s Ruling, Trump’s Personal Attorney, Jay Sekulow said, "We will be filing a motion for stay with the District Court and a notice of appeal."

Trump has tried for nearly a year to Fend-Off the Manhattan District Attorney Subpoena and has Lost every round of Battle in Court. After his Defeat at the Supreme Court, last month, Trump filed another Complaint to the Federal Trial Court, in the Southern District of New York, arguing that the New York Grand Jury Subpoena was Overly Broad and Issued in Bad Faith.

In his Thursday Decision, Marrero Rejected Trump’s Argument, saying it “amounts to absolute immunity through a back door.”

The Latest Legal Development is expected to Accelerate the Timeline of when Prosecutors will Ultimately come to Possess Trump’s Tax Returns.

However, some Analysts say Grand Jury Secrecy Rules may keep Trump’s Financial Records under Wraps from the Public Indefinitely, or at least until the Criminal Case Ends, or some New Investigative twist diminishes the need for Secrecy.










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