Squid, a card company summoned in a DA Vence investigation, is expected to avoid prosecution

Matthew Calamari, Executive Vice President of The Trump Organization, stands in the lobby of the Trump Tower in New York City on January 12, 2017.

Drew Angeler | Getty Images

New York prosecutors have issued a new subpoena for records of former President Donald Trump’s property as part of an ongoing criminal investigation into President Donald Trump’s business. The new report said on Wednesday..

A prosecutor at the office of Cyrus Vance Jr., a district attorney in Manhattan, also recently told Matthew Calamari, chief operating officer of the Trump Organization, that he has no plans to prosecute him, a Calamari lawyer said. rice field.

According to the New York Times, which first reported the subpoena, the demand for documents refocused investigators at DA’s office on the accuracy of Trump’s statement regarding the value of various real estate assets in his company. Indicates that you are.

Michael Cohen, a former private lawyer and fixer for Trump, said in a 2019 parliamentary testimony that Trump inflated the value of his assets and exaggerated his personal wealth in financial statements for potential lenders. I accused him of doing so. Experts at the time said the testimony cast doubt on the possibility of fraud.

CNBC politics

Read more about CNBC’s political coverage:

This summer, DA’s office charged both the Trump Organization and its chief financial officer, Allen Weisselberg, with crimes related to plans to avoid paying taxes on executive compensation. bottom.

The Times reported that prosecutors had been considering for months whether to pursue relevant accusations against squids.

“I was informed that I have no intention of prosecuting Mr. Calamari at the moment,” his lawyer Nicholas Gravante told CNBC by email. “We believe it is a fair and just decision.”

“It’s everyone’s guess what the future holds for the district attorney’s ongoing investigation,” Gravante said. “But in the meantime, I’m glad that the considerations raised on behalf of Mr. Calamari didn’t listen.”

Calamari’s son, Matthew Calamari Jr., Called to testify in September in front of a grand jury in Manhattan listening to evidence of a closed-door investigation.

“He will show up and testify to the truth,” Gravante told NBC News when the elder squid was summoned in front of a grand jury.

Despite losing the 2020 Joe Biden presidential election, Trump, the de facto Republican leader, will openly signal that he can run for president again three years later, bringing new developments. Will be.

According to a Times report, the new subpoena from the Vence prosecutor includes a request for records of Trump’s hotels, golf clubs and office buildings.

Investigators recently interviewed a banker at Deutsche Bank. Hundreds of millions of dollars The Times reported to Mr. Trump’s company, citing people with research knowledge.

Vence spokesman Danny Frost declined to comment on CNBC.

A spokesperson for Letitia James, Attorney General of New York, said the office was also involved in the investigation, but did not make immediate comments.

Squid, a card company summoned in a DA Vence investigation, is expected to avoid prosecution

Source link Squid, a card company summoned in a DA Vence investigation, is expected to avoid prosecution

Back to top button