Manhattan prosecutors have broken President Trump’s record relating to Seven Springs in the north of New York City, which, according to people familiar with the case, would expand the known scope of a publicly disclosed criminal investigation into the president and his business Huh.
Some of the information requested by Manhattan prosecutors relates to the president’s assessment of Seven Springs, which he bought in 1995 for $ 7.5 million and said in 2012 that it was valued at about $ 300 million as he developed it into a luxury residential community Tried to do. Legal experts said that property inflation could be a state crime to help secure loans or other financial benefits.
Prosecutors at Manhattan District Attorney Cyrus Vance Jr.’s office have sent local officials to subdivisions in three cities in Westchester County — New Castle, North Castle and Bedford — in recent weeks that the Seven Springs estate sits, people said . People said the subpoenas requested taxation, email correspondence, planning-board materials and other documents about the 213-acre property, a mansion built for former Federal Reserve chairman Eugene Meyer in 1919.
The investigation is in the midst of several legal threats when Mr Trump may leave office on Wednesday. Although some legal experts say it is possible that Mr. Trump may pardon himself for federal crimes, this power is not limited to state charges brought by a district attorney.
Mr. Vance’s office has sought court records seeking Mr. Trump’s tax records, saying it is investigating potential bank, tax and insurance fraud. The US Supreme Court ruled to accept Mr Vance’s record, although the President’s lawyers have withheld his release with a second appeal to the High Court on various grounds.