US Supreme Court paves way to obtain Trump’s financial records
Donald Trump suffered a major setback on Monday in his long quest to conceal details of his finances as the US Supreme Court paved the way for a New York City prosecutor to obtain the former President’s tax returns and other financial records as part of a criminal investigation.
The justices without comment rebuffed Trump’s request to put on hold an October 7 lower court ruling directing the Republican businessman-turned-politician’s longtime accounting firm, Mazars USA, to comply with a subpoena to turn over the materials to a grand jury convened by Manhattan district attorney Cyrus Vance, a Democrat.
“The work continues,” Vance said in a statement issued after the court’s action.
Vance had previously said in a letter to Trump’s lawyers that his office would be free to immediately enforce the subpoena if the justices rejected Trump’s request.
The Supreme Court, which has a 6-3 conservative majority included three Trump appointees, had already ruled once in the dispute, last July rejecting Trump’s broad argument that he was immune from criminal probes as a sitting President.
Unlike all other recent US Presidents, Trump refused during his four years in office to make his tax returns public. The data could provide details on his wealth and the activities of his family real-estate company, the Trump Organisation.
Trump, who left office on January 20 after being defeated in his November 3 re-election bid by Joe Biden, continues to face an array of legal issues concerning his personal and business conduct.
Vance issued a subpoena to Mazars in August 2019 seeking Trump’s corporate and personal tax returns from 2011 to 2018. Trump’s lawyers sued to block the subpoena.