FACT BRIEF

Are there continuing investigations into Trump’s finances?

Wednesday, February 17, 2021

By Rose Johnson

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YES

There are multiple ongoing investigations into former President Trump’s finances.

Manhattan prosecutor Cyrus Vance Jr. is investigating Trump and his businesses for “possible bank, insurance or tax fraud.” The investigation has accelerated in recent months, with Vance issuing a subpoena for Trump’s tax records from 2011–2018. A Supreme Court ruling on Trump’s challenge to the subpoena is expected in the next few weeks.

Separately, New York State Attorney General Letitia James continues to gather documents to address whether Trump’s business “misrepresented its assets to secure bank loans and tax benefits." The assets include a New York mansion, a California golf course and four other Trump properties.

Federal prosecutors in the Southern District of New York are reported to be conducting at least two investigations: one into an unknown issue, one into the 2016 inaugural committee.

This fact brief is responsive to conversations such as this one.

Sources

Supreme Court US Supreme Court: Trump v. Vance

SCOTUSblog: Trump asks justices to block New York subpoena

Bloomberg: Ex-Trump law firm ordered to hand over records in asset probe

Reuters Reuters: NY investigations into Trump businesses accelerate

City & State New York City & State New York: Trump's potential NY legal woes

AP News: Trump‘s post-impeachment legal problems

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