Report: New York Prosecutors Investigating Trump For Fraud Over Tax Write-Offs

According to the New York Times, prosecutors from both the Manhattan District Attorney’s office and the New York Attorney General’s office are investigating possible tax fraud by President Donald Trump.

Manhattan D.A. Cyrus Vance and New York AG Letitia James reportedly have investigators probing millions of dollars in tax write-offs that President Trump allegedly used tied to consulting fees paid to Ivanka Trump, his daughter.

Trump Org: ‘Just The Latest Fishing Expedition’

The Trump Organization has been subpoenaed by city and state prosecutors for the tax records related to the fees.

The Times notes that Ivanka Trump is not a focus of the investigations.

According to the Times. “Mr. Trump reduced his taxable income by deducting about $26 million in fees to unidentified consultants as a business expense on numerous projects between 2010 and 2018.”

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The Times also reported that Ms. Trump received some of those fees. 

“On a 2017 disclosure she filed when joining the White House as a presidential adviser, she reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Hawaii and Vancouver, British Columbia,” reported the Times.

Alan Garten, the Trump Organization’s general counsel, told the Times, “This is just the latest fishing expedition in an ongoing attempt to harass the company.”

“Everything was done in strict compliance with applicable law and under the advice of counsel and tax experts,” Garten added.

How many ways are they going to find to come after this president?

The move comes as multiple Democrat Congressmen have called to “prosecute” Trump for unspecified crimes.

Ivanka Trump: ‘This Is Harassment Pure And Simple’

The Democrats’ impeachment debacle was apparently just the tip of the iceberg, as even in the midst of a contentious election, state authorities are trying to drum up crimes related to President Trump’s daughter.

This is a pattern – the treatment of President Trump and his family since before he even stepped into the Oval Office.

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Ivanka Trump responded to the reports late Thursday.

“This is harassment pure and simple,” Ms. Trump tweeted. “This ‘inquiry’ by NYC democrats is 100% motivated by politics, publicity and rage.”

She continued, “They know very well that there’s nothing here and that there was no tax benefit whatsoever.”

“These politicians are simply ruthless,” she finished.

The post Report: New York Prosecutors Investigating Trump For Fraud Over Tax Write-Offs appeared first on The Political Insider.


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